SpiceJet announces 10-30% cut in March salary for all employees

As tough as it seems, most Indian carriers have already announced a pay cut for their employees, SpiceJet said

Budget carrier SpiceJet has decided to cut 10-30 per cent salary of all its employees in March, with Chairman Ajay Singh opting for highest 30 per cent trimming in compensation, the airline said in an e-mail communication to the staff on Tuesday.

"SpiceJet management has decided to implement a pay cut between 10-30 per cent in March across our employee base. Our Chairman and Managing Director (Ajay singh), in fact, has opted for the highest cut of 30 per cent in compensation," the airline said in the communication.

Other budget carriers IndiGo and GoAir have already announced similar move earlier.