IndiGo reinstates pay cut for senior employees from May - News Summed Up

IndiGo reinstates pay cut for senior employees from May


IndiGo will be cutting the salaries of senior employees from May onwards and also implement a “limited, graded leave without pay program” for the months of May, June and July, its CEO Ronojoy Dutta said on Friday. While IndiGo had announced pay cuts for its senior employees on March 19, it had rolled them back on April 23 in deference to the “government’s wishes”. While doing so, we will make sure that Level A employees, who form a majority of our workforce will not be impacted,” he said. He had announced on March 19 that the airline was instituting pay cuts for senior employees and he would himself take the highest cut of 25 per cent amid the COVID-19 pandemic that has hit the aviation industry hard. “I am personally taking a 25 per cent pay cut, SVPs (senior vice presidents) and above are taking 20 per cent, VPs (vice presidents) and cockpit crew are taking a 15 per cent pay cut, AVPs (assistant vice presidents), Bands D along with cabin crew will take 10 per cent and Band Cs five per cent,” Mr. Dutta had said on March 19.


Source: The Hindu May 08, 2020 05:15 UTC



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