Coronavirus impact: SpiceJet to reduce salary of employees by 10-30%

The airline's Chairman and Managing Director, Ajay Singh, has also opted for a 30% cut in his March salary

SpiceJet has initiated a 10-30 per cent pay cut for all its employees across top and mid-rung levels due to the impact of Covid-19 on its operations, the airline said on Tuesday. The airline’s Chairman and Managing Director, Ajay Singh, has also opted for a 30 per cent cut in his March salary. 

In FY 18-19, Singh took home Rs 7.2 crore as salary benefits. Unfortunately, due to the lockdown, SpiceJet has been forced to announce ‘leave without pay’ for employees during 25 March - 31 March," the airline told its employees. 

"However, employees who have been actively working during this period