{"id":342655,"date":"2020-03-20T10:50:12","date_gmt":"2020-03-20T05:20:12","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=342655"},"modified":"2020-03-20T10:50:12","modified_gmt":"2020-03-20T05:20:12","slug":"coronavirus-indigo-cuts-salaries-of-most-employees","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/coronavirus-indigo-cuts-salaries-of-most-employees\/","title":{"rendered":"Coronavirus: IndiGo cuts salaries of most employees"},"content":{"rendered":"<p>NEW DELHI : Hit hard by coronavirus, budget carrier IndiGo today announced that it will cut salaries of senior employees. IndiGo CEO Ronojoy Dutta, who will himself take a 25% cut in salary, said senior vice presidents and above are taking a 20% pay cut while vice presidents and cockpit crew are taking a 15% pay cut.<\/p>\n<p>With precipitous drop in revenues, the very survival of airline industry is now at stake, Dutta said while announcing the pay cut. &#8220;We have to pay careful attention to our cash flow so that we do not run out of cash,&#8221; Dutta said adding that he knew how hard it was for families to take a cut in &#8220;take-home pay&#8221;.<\/p>\n<p>&#8220;With a great deal of reluctance and a deep sense of regret, we are therefore instituting pay cuts for all employees, excluding Bands A and B, starting April 1, 2020,&#8221; the chief executive officer said. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : Hit hard by coronavirus, budget carrier IndiGo today announced that it will cut salaries of senior employees. IndiGo CEO Ronojoy Dutta, who will himself take a 25% cut in salary, said senior vice presidents and above are taking a 20% pay cut while vice presidents and cockpit crew are taking a 15% pay cut. With precipitous drop in revenues, the very survival of airline industry is now at stake, Dutta said while announcing the pay cut. &#8220;We have to pay careful attention to our cash flow so that we do not run out of cash,&#8221; Dutta said [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-342655","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=342655"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342655\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=342655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=342655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=342655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}