NEW DELHI: IndiGo, India’s largest and only cash-rich airline, is reducing its workforce by 10 per cent to offset the impact of COVID-19 on its revenue. With this, IndiGo becomes the first major carrier in the country to formally announce layoffs even as others have been reducing their headcount silently since late March.
The fresh announcement also comes days after national carrier Air India approved a leave without pay (LWP) scheme for employees ranging from six months to two years and extendable up to five years.
