NEW DELHI: Budget carrier SpiceJet has extended its employee stock ownership plan (ESOP) scheme to certain mid-level employees as well as “critical resource” staff for the role they played in the company amid the Covid-19 crisis, sources said on Tuesday.
\nCritical resource staff is a set of employees who are not easily replaceable. Under the ESOP scheme, employees get company shares that vest over a period of time. Till now, SpiceJet’s ESOP scheme was for the top management only.
\nSpiceJet has been going through a tough time for the last few years. The airline reported a net loss of Rs 934.8 crore and Rs 998.3 crore in 2019-20 and 2020-21, respectively.
\nThe airline’s decision to grant ESOP scheme to mid-level employees as well as critical resource staff comes at a time when two airlines — revamped Jet Airways and new carrier Akasa Air — are planning to start flight operations this year. The entry of these carriers has created more job opportunities in the aviation market.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW DELHI: Budget carrier SpiceJet has extended its employee stock ownership plan (ESOP) scheme to certain mid-level employees as well as “critical resource” staff for the role they played in the company amid the Covid-19 crisis, sources said on Tuesday. Critical resource staff is a set of employees who are not easily replaceable. Under the ESOP scheme, employees get company shares that vest over a period of time. Till now, SpiceJet’s ESOP scheme was for the top management only. SpiceJet has been going through a tough time for the last few years. The airline reported a net loss of Rs […]<\/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-497120","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\/497120","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=497120"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/497120\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=497120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=497120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=497120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}