News: Cash-strapped Unitech on shaky ground; delays payment to staff

Compensation & Benefits

Cash-strapped Unitech on shaky ground; delays payment to staff

Some employees of UnitechBSE -0.98 % have alleged that the struggling real estate developer has not paid salaries on time and also delayed depositing tax deducted on source and provident fund with the authorities amid a sharp slowdown in home sales in its home market of Gurgaon. Allegations come alongside complaints by homebuyers about massive delays in delivery of several projects.

Some employees of UnitechBSE -0.98 % have alleged that the struggling real estate developer has not paid salaries on time and also delayed depositing tax deducted on source and provident fund with the authorities amid a sharp slowdown in home sales in its home market of Gurgaon. Allegations come alongside complaints by homebuyers about massive delays in delivery of several projects.

Read Economic Times full report here.

Read full story

Topics: Compensation & Benefits, #Corporate

Did you find this story helpful?

Author

QUICK POLL

How do you envision AI transforming your work?