Staff costs at Tata Sons up 67% in FY19

Employee costs at Tata Sons, one of the bones of contention within the management leading to the removal of Cyrus Mistry from the chairman’s post, has shot up 67% in fiscal 2019. Staff costs form a significant chunk of total expenses, which have risen 45% to Rs 3,985 crore at a time when profits from operations are showing slow growth.

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