The airline has cited increasing the cost of operations due to rising crude oil prices and a falling rupee as a reason for the pay cut.
Starting this month, Salary cuts will range as below:
- 5 percent – Earning Rs 12 lakh annually
- 25 percent – Earning Rs 1 crore and more
- 17 percent – For Pilots
There’s no timeline as to how long this reduced salary will continue. Also, there’s no clarity on whether there will be a refund of deducted salary at a later stage. All we know is it starts this month for employees starting from managers to the CEO.