{"id":344626,"date":"2020-04-01T11:37:25","date_gmt":"2020-04-01T06:07:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=344626"},"modified":"2020-04-01T11:37:25","modified_gmt":"2020-04-01T06:07:25","slug":"spicejet-announces-pay-cut-for-staff-in-march","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-announces-pay-cut-for-staff-in-march\/","title":{"rendered":"SpiceJet announces pay-cut for staff in March"},"content":{"rendered":"<p>NEW DELHI : No-frill carrier SpiceJet Ltd has initiated a 10-30% pay cut for all its employees across top and mid rung levels due to the impact of covid-19 on its operations, the airline said in a statement on Tuesday.<\/p>\n<p>This development comes days after rating agency CRISIL Ltd downgraded the rating for Spicejet Ltd\u2019s long term loans from &#8220;BB-&#8221; to &#8220;B&#8221; due to &#8220;significant deterioration of business risk profile&#8221; apart from cutting the outlook in rating from positive to negative.<\/p>\n<p>The airline\u2019s chairman and managing director, Ajay Singh, has also opted for a 30% cut in his March&#8217;s salary.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : No-frill carrier SpiceJet Ltd has initiated a 10-30% pay cut for all its employees across top and mid rung levels due to the impact of covid-19 on its operations, the airline said in a statement on Tuesday. This development comes days after rating agency CRISIL Ltd downgraded the rating for Spicejet Ltd\u2019s long term loans from &#8220;BB-&#8221; to &#8220;B&#8221; due to &#8220;significant deterioration of business risk profile&#8221; apart from cutting the outlook in rating from positive to negative. The airline\u2019s chairman and managing director, Ajay Singh, has also opted for a 30% cut in his March&#8217;s salary.<\/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-344626","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\/344626","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=344626"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344626\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=344626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=344626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=344626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}