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Covid-19: GoAir decides to reduce pay across board
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SME Times News Bureau | 25 Mar, 2020
GoAir on Wednesday decided to institute a limited pay reduction measure
across the board to deal with the economic fallout of Covid-19 and the
lockdown.
The company communicated this decision, which will be administered in the pay for the month of March, to its employees.
The
quantum of reduction varies in scale for various grades of employees
with the least burden being put on the lowest salary earning category in
the company.
Queried on the development, a GoAir Spokesperson
said that the company has taken a conservative approach considering that
"we don't have a view of how the situation will pan out. Besides, we
are also awaiting govt measures like in the case of all major countries
in the world have done."
The airline had earlier said that its top management's pay will be reduced by 50 per cent during this period.
On
March 17, the airline had said that it has initiated a short term
rotational leave without pay programme that "will not only help the
company counter the short term reduction in capacity, but will also
ensure that a cross section of our employees stay away from the
workplace for a month at a time to ensure business continuity".
"Knowing
that this will put a financial burden on the affected employees and
having studied what companies have done in other countries to help guide
our plans, this decision was not taken lightly," the company had said
in a statement that time.
"In addition to addressing our short
term financial and network requirements, airlines in India have
petitioned the Government of India for immediate support, as most other
governments around the world have already provided to their similarly
affected airlines."
According to the statement, the airline has taken many immediate measures to make the business more efficient.
"GoAir
has been profitable for the past several years and the airline remains
on track to receive 12-15 aircraft each year through the end of 2025 in
support of our planned growth," the statement had said.
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