NEW DELHI: Reeling under the pandemic\u2019s relentless onslaught, IndiGo has gone in for a deeper pay cut for its top management and pilots from September 1 after deciding to lay off 10% of its almost 25,000 employees.
\nWhile CEO Ronojoy Dutta will take a further pay cut of 35%; senior vice-presidents and above will take a cut of 30%; pilots 28% and VPs and associate VPs 15%.
\nDutta wrote in a mail to employees: \u201cI will increase my personal pay cut percentage to 35%. I am asking all senior vice presidents and above to take a 30% pay cut, all pilots will see their pay cut percentages increased to 28%, all vice presidents will take a 25%pay cut and associate vice presidents will take a 15% pay cut\u2026 To cushion the impact among lower paid employees, this time around, we will increase the pay cut percentages only among the very top at the pyramid.\u201d
\nSo far during the pandemic IndiGo \u2014 the only airline with some cash reserves \u2014 has gone in for a round of salary cut for its employees; leave without pay (LWP) and two pay cuts for pilots. Before the latest round, Dutta took a 25% cut in salaries; senior VPs 20%; VPs 15% and associate VPs10%. In May, IndiGo had also cut the salaries of Band D employees and cabin crew members by 10%, and of Band C employees by 5%.
\n\u201cIt is our intent to gradually reduce the number of days without pay as we add back more flights,\u201d Dutta wrote.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW DELHI: Reeling under the pandemic\u2019s relentless onslaught, IndiGo has gone in for a deeper pay cut for its top management and pilots from September 1 after deciding to lay off 10% of its almost 25,000 employees. While CEO Ronojoy Dutta will take a further pay cut of 35%; senior vice-presidents and above will take a cut of 30%; pilots 28% and VPs and associate VPs 15%. Dutta wrote in a mail to employees: \u201cI will increase my personal pay cut percentage to 35%. I am asking all senior vice presidents and above to take a 30% pay cut, all […]<\/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":[220,130,137],"tags":[],"class_list":["post-365081","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365081","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=365081"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365081\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=365081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=365081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=365081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}