IndiGo to deepen pay cuts for senior employees, pilots by 25-30 per cent
New Delhi: IndiGo on Monday (July 27) mentioned it’s implementing deeper pay cuts of as much as 35 per cent for its senior workers so as to cut back its money outflow amid the coronavirus pandemic.
From May onwards, IndiGo had applied pay cuts of as much as 25 per cent for its senior workers.
“I will increase my personal pay cut percentage to 35 per cent. I am asking all senior vice presidents and above to take a 30 per cent pay cut, all pilots will see their pay cut percentages increased to 28 per cent, all vice presidents will take a 25 per cent pay cut and associate vice presidents will take a 15 per cent pay cut,” IndiGo CEO Ronojoy Dutta advised workers in an e-mail on Monday.
These elevated pay cuts will come into impact from September 1.
The ‘deeper’ pay cuts got here announcement from the airways comes barely per week after it introduced that it might lay off 10 per cent of its workforce as a result of financial disaster attributable to the pandemic.
Before Monday’s announcement, IndiGo CEO Dutta took a 25 per cent reduce in salaries. For senior vice presidents the pay reduce was 20 per cent, for vice presidents it was 15 per cent and for affiliate vice presidents it was 10 per cent.
In May, IndiGo had additionally reduce the salaries of Band D workers and cabin crew members by 10 per cent, and of Band C workers by 5 per cent. Salaries of workers in Band B and Band A weren’t touched. Majority of the workers of the airline are in Band B and Band A.
The firm had additionally applied a obligatory depart with out pay (LWP) scheme for its workers for as much as 5 days per thirty days in May to take care of the financial disaster.
The aviation sector has been considerably impacted as a result of journey restrictions imposed in India and different nations in view of the coronavirus pandemic. All airways in India have taken cost-cutting measures comparable to pay cuts, leave-without-pay and lay-offs so as to preserve money.
India resumed home passenger flights from May 25 after a niche of two months as a result of coronavirus pandemic. However, the airways have been allowed to function solely a most of 45 per cent of their pre-COVID home flights.
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