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.

MMP