Without pay of up to 3 days for senior employees: Vistara
By MYBRANDBOOK
The compulsory no pay leave will affect around 1,200 employees in senior grades. The remaining 2,800 employees of the airline such as members of cabin crews and ground handling services will be unaffected.
Leslie Thng, CEO- Vistara announced senior employees will be going on compulsory leave without pay of up to three days as a measure to further reduce the airline’s cost amid the coronavirus lockdown.
The compulsory no pay leave will affect around 1,200 employees in senior grades. The remaining 2,800 employees of the airline such as members of cabin crews and ground handling services will be unaffected.
“While we are doing all possible, including a recruitment freeze, we have to look at other means to further reduce our cost,” Thng said in his email to employees, which has been accessed by PTI.
“Therefore, for the period 1st Apr to 14th Apr 2020, all staff (except for staff in Level 1A and 1B) will be required to go on a few days of Compulsory No Pay Leave (CNPL) as follows: Staff in Level 4 and 5 to go on three days CNPL, Staff in Level 2 and 3 to go on two days CNPL, Staff in Level 1C to go on one day CNPL,” he said.
Thng said the annual salary increment exercise for all eligible staff will be deferred from April to July 1 and an appropriate decision shall be taken then.
“For staff in Level 2 and above, the annual pay-out for Variable Performance Pay (VPP) will be deferred to July 2020,” he said.
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
TEJAS NETWORKS INDIA PVT. LTD.
DELL TECHNOLOGIES INDIA PVT. LTD.
INFOSYS TECHNOLOGIES PVT. LTD.
RAMCO SYSTEMS Ltd.
Technology Icons Of India 2023: Sridhar Vembu
Sridhar Vembu is an Indian billionaire business magnate and the Founde...
Technology Icons Of India 2023: B.V.R. Subrahmanyam
B.V.R. Subrahmanyam belongs to Andhra Pradesh. He is a 1987-batch IAS ...
Technology Icons Of India 2023: Mukesh D. Ambani
An Indian billionaire businessman Mukesh Dhirubhai Ambani is currently...
BSE provides highly secure, efficient and transparent market for trading
BSE (formerly known as Bombay Stock Exchange Ltd.) is Asia's first & t...
INDIANOIL helps reach precious petroleum fuels to every nook and corner of the country
IndianOil, a diversified, integrated energy major with presence in alm...
PGCIL transforming India with its wide power transmission network
Engaged in power transmission, POWERGRID or PGCIL is a stated owned In...
SAVEX TECHNOLOGIES PVT. LTD.
Savex Technologies is the 3rd largest Information & Communication Tec...
B D SOFTWARE
BD Software is the distributor of IT security solutions in India. The ...
WPG C&C COMPUTERS & PERIPHERALS PVT. LTD.
WPG C&C Computers & Peripherals (India) was incorporated in 2008 and ...