ixigo reinstates salaries, grants discounted ESOPs to staff as compensation

India's leading travel firm ixigo on Thursday said it has reinstated salaries and granted discounted employee stock ownership plan (ESOP) to all its employees to compensate for the paycuts made during the past three months.

The ESOPs will result in an additional 2.3 per cent of the company's overall shareholding being given to all 150 ixigems (ixigo employees), it said in a statement.

Earlier this year, in March, with the coronavirus-induced lockdown coming into effect and the subsequent travel ban, the travel sector was one of the hardest hit.

During the period, ixigo announced graded paycuts across the team. ixigo