Vistara CEO says no layoffs; wage cuts to be reviewed in January 2021


New Delhi, September 20

Vistara, which has carried out varied cost-saving measures amid the coronavirus pandemic, will evaluate wage cuts in January however has not laid off any of its almost 4,000 staff, in response to the airline’s chief.

Domestic airways’ business has been considerably impacted by the coronavirus pandemic and subsequent suspension of native and worldwide flight companies.

Vistara’s Chief Executive Officer Leslie Thng informed PTI that there have been no job cuts on the airline within the wake of the coronavirus pandemic.

“There have been no job cuts at Vistara, and therefore, the staff strength remains the same as earlier – nearly 4,000 employees,” he stated in an e-mail interview.

Many airways globally in addition to some home carriers have resorted to wage cuts in addition to layoffs and furloughs in efforts to scale back bills on account of difficult enterprise circumstances.

When requested about future plans concerning staff, Leslie Thng stated wage cuts will probably be reviewed in January subsequent yr.

“With the intent of protecting all jobs at Vistara, we have had to make the difficult decision of reducing some staff costs by implementing salary cuts. This will continue to be in effect until December 2020 and will be reviewed in January 2021,” he stated.

Scheduled business flights had been suspended from March 25 to May 24 whereas scheduled worldwide companies proceed to stay suspended since March 23. However, choose abroad flight companies to sure international locations underneath bilateral air bubble agreements in addition to cargo and different flights accepted by aviation regulator DGCA are working.

A full-service service, Vistara is a three way partnership between Singapore Airlines and Tatas. PTI



Be the first to comment on "Vistara CEO says no layoffs; wage cuts to be reviewed in January 2021"

Leave a comment

Your email address will not be published.


*


%d bloggers like this: