The Fern Hotels & Resorts supports the needy amid coronavirus crisis; announces no paycuts for employees
Rather than salary cuts or unpaid leave, The Fern Hotels & Resorts will work towards a salary deferment, whereby each hotel pays based on their available cash flow
Be it providing food to the needy during these times of national crisis or ensuring there will be no pay cuts across its 72 hotels, The Fern Hotels & Resorts, India's leading environmentally sensitive hotel chain is trying to spread the message of being sensitive.
The CEO of the company, Suhail Kannampilly said,” We as a company are doing our bit to contribute during this time of crisis. Quite a few hotels are offering food to the needy in Mumbai and other parts of the country.”
Expressing belief in the fundamentals of the company he said,” The Fern Hotels is strong enough to come out of any crisis. Our team members are some of the sincerest and focused individuals in the industry. I believe in the long-term vision of the company as well as the strength of what India as a country has to offer. “
He assured his employees that the company will not be reducing any salaries. “the Labour ministry's advice on not reducing any salaries is clear and we as a company want to show our commitment in resolving this crisis. However, at this point we are compelled to take some actions. So rather than salary cuts or unpaid leave we will work towards a salary deferment, where by each hotel pays based on their available cash flow, a base amount for substance and then when the situation reverts to normal the balance is paid out in tranches “, he said.
The CEO also exhorted his team members not to lose touch with the guest and used this opportunity to re-analyse the business. "Run through P&L / trial balance with a fine-tooth comb and evaluate as to how we can make this a healthier and more profitable business once the situation normalizes," he adds.