Coronavirus Impact: IndiGo declares pay cuts for staff, CEO takes 25% cut


Sukirti Mishra 19/03/2020 15:37:34
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Lucknow. IndiGo Airline's Chief Executive Officer Ronojoy Dutta announced a pay cut for all staff, with a 25 per cent reduction in his own salary, on Thursday. The development has come in the wake of a severe set back in the aviation industry due to travel restrictions imposed by the government to contain the outbreak of the coronavirus disease.

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In an email to employees, Dutta said: "With the precipitous drop in revenues, the very survival of the airline industry is now at stake. We have to pay careful attention to our cash flow so that we do not run out of cash." CEO Dutta also mentioned about taking a cut of 25 per cent, while other executives above the senior vice president level would take cuts of 20 per cent. Vice Presidents and pilots would take a 15 per cent deduction, while others including cabin crew would take 5-10 per cent cuts.

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IndiGo had cancelled several flights to West Asia (Dubai, Sharjah, Abu Dhabi) from March 17 until the travel restrictios are lifted. The total number of novel coronavirus cases in India rose to 166 today after a record number of fresh cases reported from the various parts of the country. Maharashtra is the worst affected state with the maximum number of cases. According to the date released by Ministry of Health and Family Welfare, the total tally includes 141 Indian nationals and 25 foreigners.

 

 

 

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