SpiceJet cutting salaries of most workers
Budget carrier SpiceJet is cutting employee salaries by as much as 30%.
The airline is implementing a pay cut of between 10-30% for March, but no salary will be payable for the March 25-31 week.
That is when the Indian government imposed a three-week lockdown which continues until mid-April.
That has led to the suspension of all the airline’s operations.
Chairman Ajay Singh will also take a 30% pay cut.
"These are extremely tough times and call for exceptional measures. As tough as it seems, most Indian carriers have already announced a pay cut for their employees. Unfortunately SpiceJet is not immune which has unquestionably affected airlines in the most severe form across the globe," SpiceJet said.
However, employees on the lowest pay grade will receive their full salary.
The airline recently made several expat pilots redundant who were on more lucrative contracts than their Indian colleagues.
"The COVID-19 pandemic and the subsequent lockdown have forced us to take some tough measures to ensure that no one at SpiceJet is retrenched," Singh said.
He said SpiceJet is joining other carriers in seeking financial aid from the government.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Singapore to forbid entry to undesirable travelers with new no-boarding directive
In Italy, the Meloni government congratulates itself for its tourism achievements