IndiGo to lay off 10% of its workforce

Mumbai: IndiGo NSE 0.26 %, India’s biggest carrier by market share, will lay off 10% of its workforce, its chief executive said in a note, as airline operators globally take a beating due to the Covid-19 pandemic and resultant shutdowns.

IndiGo currently has about 28,000 employees, of which 40% are pilots and cabin crew. A senior executive said pilots at the airline won’t be affected by this move yet.

“In addition to notice pay, impacted employees will be paid a severance pay which will be calculated as one month of CTC (cost to company) for every completed year of service, subject to a maximum of 12 months,” CEO Ronojoy Dutta said in the note. “At a minimum, an impacted employee will receive at least three months’ gross salary, including both the above payments.”