Budget carrier SpiceJet has decided to cut up to 30 per cent salary of 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.
Moreover, the employees will also be treated as “on leave without pay” for the March 25-31 phase due to the suspension of air passenger services during the period, said the airline, which offered its aircraft and crew to the government for any “humanitarian mission” last week. Significantly, the pay-cut announcement coincides with the termination of service contracts of over a dozen expat pilots with the airline, as per a source.
It, however, spared employees in the lowest pay grades from any pay cut.
