Business Standard

Sunday, December 22, 2024 | 12:27 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

IndiGo implements another round of pay cuts for senior management, pilots

CEO Ronojoy Dutta will take a pay cut of 35%, while all executives at the level of senior vice president and above will take a pay cut of 30%

indigo
Premium

The airline recently announced that it would lay off 10% of its staff

Arindam Majumder New Delhi
India’s largest airline IndiGo has implemented another round of pay cuts for its senior management and pilots.

Chief Executive Ronojoy Dutta will take a pay cut of 35 per cent while all executives with designations of senior vice-president and above will take a pay cut of 30 per cent. Simultabeously, pilots will face a further cut of 28 per cent to their salary while vice-presidents and associate vice-presidents will face a 15 per cent cut in their salary. The latest paycuts, which mean the senior management will get between 15 per cent and 35 per cent lower monthly salaries than normal

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in