Budget carrier SpiceJet has announced a 30% salary cut for its top management as the aviation business remains one of the worst hit sectors in the country. “The airline has implemented a 10-30% pay cut for all its employees across top and mid rung… employees in the lowest pay grades will remain unaffected by the decision,” the company said in a statement. SpiceJet Chairman and Managing Director Ajay Singh will bear the highest cut of 30% in salary for March 2020. The airline has also announced ‘leave without pay’ from 25 March-31 March. Employees such as cargo, ground staff, crew will be exempt from the same as they were working during the period.
“The COVID-19 pandemic and the subsequent lockdown have forced us to take some tough measures to ensure that no one at SpiceJet is retrenched. What we are facing is a global phenomenon and no airline in the world is immune to the impact,” Ajay Singh said.
