{"id":343015,"date":"2020-03-23T12:49:46","date_gmt":"2020-03-23T07:19:46","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=343015"},"modified":"2020-03-23T12:49:46","modified_gmt":"2020-03-23T07:19:46","slug":"covid-19-air-india-says-insurmountable-dip-in-revenues-issues-various-cost-cutting-measures","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/covid-19-air-india-says-insurmountable-dip-in-revenues-issues-various-cost-cutting-measures\/","title":{"rendered":"COVID-19: Air India says &#8216;insurmountable&#8217; dip in revenues, issues various cost-cutting measures"},"content":{"rendered":"<p>NEW DELHI: Air India informed its employees on Friday that it is taking various cost-cutting measures, including decreasing allowances for all employees, except cabin crew, by 10 per cent for three months as there is an &#8220;insurmountable dip&#8221; in the revenues due to the coronavirus outbreak.<\/p>\n<p>These measures have been announced days after GoAir announced layoff of expat pilots and IndiGoNSE -2.98 % declared pay cut for its senior employees due to &#8220;precipitous&#8221; fall in revenues amid the pandemic.<\/p>\n<p>&#8220;In the wake of recent global developments and the serious impact of COVID-19 pandemic&#8230;there is an insurmountable dip in the revenue which calls for stringent measures to reduced our costs,&#8221; said an Air India office order to all its employees.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Air India informed its employees on Friday that it is taking various cost-cutting measures, including decreasing allowances for all employees, except cabin crew, by 10 per cent for three months as there is an &#8220;insurmountable dip&#8221; in the revenues due to the coronavirus outbreak. These measures have been announced days after GoAir announced layoff of expat pilots and IndiGoNSE -2.98 % declared pay cut for its senior employees due to &#8220;precipitous&#8221; fall in revenues amid the pandemic. &#8220;In the wake of recent global developments and the serious impact of COVID-19 pandemic&#8230;there is an insurmountable dip in the revenue [&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":[192,130,136],"tags":[],"class_list":["post-343015","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343015","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=343015"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343015\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=343015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=343015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=343015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}