Vistara announces 5-20% pay cut for 40% employees till December

NEW DELHI : Vistara on Tuesday announced a pay cut between five to 20% till December this year for around 40% of its employees as cash flow continues to be adversely affected due to the coronavirus pandemic.

The full-service carrier has more than 4,000 employees on its payroll.

“About 60% of our employees are not impacted by the pay cut,” a Vistara spokesperson said.

Vistara CEO Leslie Thng told employees in an email: “From 1st July, 2020, to 31st December, 2020, I will take a 20% pay cut and we will be implementing a monthly pay cut scheme for staff (except for pilots as follows): 1) 15% pay cut for staff in Level 5 and 4, 2) 10% pay cut for staff in Level 3 and 2, and licensed engineers in Level 1C, 3) 5% pay cut for staff in Level 1 with monthly CTC equal or more than ₹50,000.”