Calling the pandemic an “unprecedented crisis,” SpiceJet has announced a 10-30% cut in March salary for all employees.
All employees in the middle and top-level will take a pay cut even as the budget carrier assured that those in the lowest pay grades will remain unaffected. SpiceJet’s announcement of salary cut comes days after rivals IndiGo and GoAir declare similar salary cuts.
The company in a statement said, “In its bid to tide over the unprecedented crisis thrust by the COVID-19 pandemic, SpiceJet today announced a company-wide pay cut for its employees for the month of March 2020.”
“The airline has implemented a 10-30% pay cut for all its employees across the top and mid rung levels. In the wake of the crisis, the airline’s Chairman and Managing Director, Ajay Singh, has decided to opt for the highest cut of 30% in salary.” company said.
The Covid-19 pandemic and the subsequent (India) lockdown have forced us to take some tough measures to ensure that no one at SpiceJet is retrenched,” said Chairman and Managing Director Ajay Singh.
According to economic times, the airline has also announced ‘leave without pay’ for employees during March 25th-31st, 2020 – the period of the lockdown when all passenger flights were suspended.
India is currently on a three-week lockdown, which is set to end by mid-April. The worst-hit industries during this coronavirus lockdown are Aviation, Hospitality, Travel, and Tourism, etc.
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