IndiGo slashes pay up to 25 per cent for all employees
IndiGo would implement a pay cut ranging from 5 per cent to 25 per cent for many categories of its employees from April 1. The airline also hints at a temporary cut back in capacity due to the Coronavirus outbreak around the world and drop in travel demand.
This has been indicated in a letter that Ronojoy Dutta, Chief excutive Officer and President, IndiGo sent out to the airlines employees on Thursday.
“With a great deal of reluctance and a deep sense of regret we are, therefore, instituting pay cuts for all employees excluding Bands A & B, starting April 1. I am personally taking a 25% pay cut, SVPs (Senior Vice Presidents) & above are taking 20%, VPs (Vice Presidents) & cockpit crew are taking a 15% pay cut, AVPs, Bands D along with cabin crew will take 10% and Band Cs 5%,” the CEO says in his mail.
