Tata Steel has said it will compensate the families of its workers in India that die of Covid-19.
The firm said it will pay deceased employees’ salaries, housing and medical benefits until what would have been their retirement at the age of 60.
It also pledged to cover the education costs of the children of dead frontline workers until they graduate.
This week India officially counted 300,000 dead from the virus, though experts warn the number is higher.
“Tata Steel stands together with a deep sense of loss at the sad demise of its beloved employees during this dreadful pandemic,” the company said in a statement.
After detailing the benefits of the firm’s “best-in-class social security schemes” the statement concluded by saying that the “Tata Steel family stands stoically with all its people, committed to their security and well-being.”
The announcement came as the country reels from the huge loss of life and economic impact of the coronavirus crisis.
A second wave of the virus has ravaged the country’s healthcare system in the past few weeks. Hospitals filled to capacity have been forced to turn away patients. Critical medicines and oxygen have run out in several areas. Even crematoriums have run out of space.
This week India became only the third country in the world to record more than 300,000 deaths – behind the US and Brazil.
It has recorded 26 million cases – second only to the US – and is now the epicentre of the global pandemic.