SpiceJet employees to bear 10-30 per cent paycut in the month of March
Chairman Ajay Singh, has opted for highest 30 per cent reduction in compensation
Low cost carrier, SpiceJet has announced that it will deduct about 10-30 per cent salary of all its employees in March. Through an email communication, the staff members of the airline were informed about the paycut, which also mentioned about Chairman Ajay Singh opting for highest 30 per cent deduction in compensation.
The airline said, “SpiceJet management has decided to implement a pay cut between 10-30 per cent in March across our employee base. Our Chairman and Managing Director (Ajay singh), in fact, has opted for the highest cut of 30 per cent in compensation.
Given the situation, many other budget carriers including IndiGo and GoAir have already announced similar move earlier.
"These are extremely tough time and call for appropriate and exceptional measures to sale through the exceptional challenge," it said. As tough as it seems, most Indian carriers have already announced a pay cut for their employees, SpiceJet said.
"Unfortunately SpiceJet is not too immune to the situation which has unquestionably affected the airlines in the most severe form across the globe.
"Therefore in our bid to stay lean, and under absolutely unavoidable circumstances, we have been forced to take certain bold decisions, which will help the SpiceJet family surmount these difficult times," the letter said.