- Vistara's income has been severely affected by the coronavirus epidemic.
- The company has more than 4,000 employees
Jun 30, 2020, 08:09 PM IST
new Delhi. Aviation company Vistara has announced a reduction in salaries of about 40 percent of its employees by five to 20 percent by December this year. Vistara's income has been severely affected by the coronavirus epidemic. The company has more than 4,000 employees. A spokesperson for Vistara said on Tuesday that there would be no reduction in salaries of about 60 percent of our employees.
Monthly wage cut scheme is being implemented
Leslie Theng, chief executive of Extension, said in an email to employees that from July 1, 2020 to December 31, 2020, I will take a 20 percent reduction in pay. A scheme to cut the monthly salary of employees (except pilots) is being implemented. There will be a 15 percent reduction in the salaries of employees of Level 5 and 4, 2. There will be a 10 per cent reduction in the salary of employees of Level 3 and 2 and Licensed Engineers of Level 1 C, 3. At the same level, the salary of employees with CTC of Rs 50,000 or more monthly is being cut by five percent.
Number of passengers on flights is quite low
He said that in the case of pilots, from July to December 2020, they will get a monthly basic flight allowance of 20 hours. As of April, flight allowances were being given 70 hours per month to extension pilots. This allowance is a fixed part of the pilots' salary. Theng told employees that Airlinail was operating at less than 30 percent of its original network. Due to the applicable lockdown caused by the corona virus, the number of passengers on its flights is quite low. He said that due to Kovid-19 our financial performance has been affected. Demand will take time to reach the level before Kovid-19.