COVID-19 effect: SpiceJet to pay part salaries to over 92% employees in April
Amid the coronavirus-induced lockdown, SpiceJet said on Thursday its primary revenue source is drying as no passenger flights have operated for over a month and therefore it will pay part salaries to over 92 per cent of its employees in April.
In a press release, the budget carrier said it has decided that there would be no job cuts at this time.
"As a fair measure to cater to the requirement of our employees during this complete lockdown situation, the company has devised a structure where all employees will be paid according to the work hours contributed while maintaining basic thresholds," SpiceJet noted.
The airline had told its pilots on Wednesday that they will not be paid salaries for April and May, adding that those who have been operating cargo flights will get paid for the number of hours flown.
SpiceJet had in March cut between 10-30 per cent salaries of its senior and mid-level employees.
India has been under a lockdown since March 25 to curb the spread of COVID-19. All commercial passenger flights have been suspended for this period. However, cargo flights, medical evacuation flights and special flights permitted by the aviation regulator DGCA are allowed to operate.
Read more at: https://economictimes.indiatimes.com
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