{"id":363906,"date":"2020-07-21T10:37:17","date_gmt":"2020-07-21T05:07:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=363906"},"modified":"2020-07-21T11:03:56","modified_gmt":"2020-07-21T05:33:56","slug":"indigo-to-lay-off-10-of-its-workforce","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-to-lay-off-10-of-its-workforce\/","title":{"rendered":"IndiGo to lay off 10% of its workforce"},"content":{"rendered":"<p>Mumbai: IndiGo NSE 0.26 %, India\u2019s biggest carrier by market share, will lay off 10% of its workforce, its chief executive said in a note, as airline operators globally take a beating due to the Covid-19 pandemic and resultant shutdowns.<\/p>\n<p>IndiGo currently has about 28,000 employees, of which 40% are pilots and cabin crew. A senior executive said pilots at the airline won\u2019t be affected by this move yet.<\/p>\n<p>\u201cIn addition to notice pay, impacted employees will be paid a severance pay which will be calculated as one month of CTC (cost to company) for every completed year of service, subject to a maximum of 12 months,\u201d CEO Ronojoy Dutta said in the note. \u201cAt a minimum, an impacted employee will receive at least three months\u2019 gross salary, including both the above payments.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: IndiGo NSE 0.26 %, India\u2019s biggest carrier by market share, will lay off 10% of its workforce, its chief executive said in a note, as airline operators globally take a beating due to the Covid-19 pandemic and resultant shutdowns. IndiGo currently has about 28,000 employees, of which 40% are pilots and cabin crew. A senior executive said pilots at the airline won\u2019t be affected by this move yet. \u201cIn addition to notice pay, impacted employees will be paid a severance pay which will be calculated as one month of CTC (cost to company) for every completed year of service, [&hellip;]<\/p>\n","protected":false},"author":40,"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-363906","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\/363906","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=363906"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363906\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=363906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=363906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=363906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}