Vistara on Wednesday announced that senior employees will be going on compulsory leave without pay for up to three days between April 15 and April 30 as a measure to further conserve the airline's cash flow amid the lockdown to combat the coronavirus threat.
On March 27, the airline had also introduced compulsory leave without pay for up to three days between April 1 and April 14 for the same set of senior employees.
The compulsory no pay leave will affect around 1,200 employees in senior grades. The remaining 2,800 employees of the airline such as members of cabin crew and ground handling services will be unaffected.
"With the announcement by the government of India on extending the lockdown, we continue to suspend all our domestic and international operations till 3rd May 2020 and this further impacted significantly on our cash flow with no revenue being generated over an extended period of time," CEO Leslie Thng said in an email to employees.
As revenues have fallen significantly, IndiGo has announced a pay cut of up to 25 per cent for its senior employees. SpiceJet has stated that its employees' salaries would be reduced between 10 to 30 per cent and Air India has announced a 10 per cent cut in allowances for every employee, except cabin crew, for the coming three months.
GoAir has cut salaries of its employees, laid off its expat pilots and introduced leave without pay for employees on a rotational basis.
Comments
0 comment