Vistara CEO Leslie Thng on Wednesday announced that senior employees will be going on compulsory leave without pay for up to three days between April 15 and April 30 as a measure to further conserve the airline’s cash flow amid the lockdown to combat the coronavirus threat.
On March 27, the airline had also introduced compulsory leave without pay for up to three days between April 1 and April 14 for the same set of senior employees.
“The compulsory no pay leave will affect around 1,200 employees in senior grades. The remaining 2,800 employees of the airline such as members of cabin crew and ground handling services will be unaffected.”
Reacting on the Lockdown 2.0, Vistara spokesperson said “With the announcement by the government of India on extending the lockdown, we continue to suspend all our domestic and international operations till 3rd May 2020 and this further impacted significantly on our cash flow with no revenue being generated over an extended period of time,”
“For the period between April 15-30, 2020, about 30 percent of Vistara’s workforce will take compulsory no-pay leave of one to three days, depending on employment grades (three days for senior-most employees).”
This decision does not impact the remainder 70 percent of Vistara staff, he added.
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Note- This story has not been edited by SightsIn Plus staff and is auto-generated from PTI, Thing said in an email to employees, which has been accessed by PTI.
