OYO restoring full salaries in India, South Asia in phased manner

The spokesperson said 12.5 per cent of the total 25 per cent salary cut will be restored from October and the remaining 12.5 per cent from December 2020

Hospitality firm OYO on Tuesday told its employees that it is restoring the full salaries of staffers in India and South Asia, a company spokesperson said.

Pay cuts for employees with fixed compensation of up to Rs 8 lakh have been reversed from August 1, while the rest will see restoration in a phased manner from October 2020, the spokesperson added.

The hospitality firm had on April 22 had asked some of its staff in India to go on leave with limited benefits from May 4 for four months. It also asked all employees in the country to accept a