IndiGo to lay off over 2000 employees, CEO says it is impossible for the company to fly without some sacrifices
IndiGohas decided to lay off 10% of its workforce due to the economic crisiscaused by the coronavirus pandemic.
- As on March 31, 2019, the airline had 23,531 employees on its payroll.
- “At a minimum, an impacted employee will receive at least three months’ gross salary, including both the above payments,” the statement said.
- This came 20 days after the airline implemented salary cuts and additional leave without pay for its employees.
AdvertisementIndia’s largest domestic airline, IndiGo has decided to lay off 10% of its workforce due to the economic crisis caused by the
Over 2000 employees will be removed from the staff as the airline had 23,531 employees on its payroll in 2019. This came 20 days after the airline implemented salary cuts and additional leave without pay for its employees.
“From where things stand currently, it is impossible for our company to fly through this economic storm without making some sacrifices, in order to sustain our business operations,” Dutta said in a statement.
“Therefore, after carefully assessing and reviewing all possible scenarios, it is clear that we will need to bid a
In order to support the impacted employees’ company has announced a layoff package dubbed as ‘6E Care package’. The company in a statement said it will offer employees with financial support including notice pay applicable to them and severance pay which will be calculated as one month of CTC for every completed year of service.
“At a minimum, an impacted employee will receive at least three months’ gross salary, including both the above payments,” the statement said.
It also increased the medical Insurance coverage for impacted employees until December 2020. The company said it will also provide career transition support and a recommendation letter to help the impacted employees.
“Should the impacted employees need to travel back to their hometown or base location, we will assist them with a one way confirmed air ticket,” the letter further added.
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