New Delhi: Recently, international companies have joined this group after the pay cut by domestic airline companies. Air Asia, the largest airline in Southeast Asia, has also announced salary cuts. After the Coronavirus epidemic and the shutdown of airlines all over the world, all companies are running at a huge loss.
Crude oil prices reaches 21-year low due to lockdown
Air Asia India has cut the April salary of its employees by up to 20 percent due to the closure of all flights till May 3 due to the coronavirus epidemic. Giving information about this, a source said, however, for those whose monthly salary is Rs 50,000 or less, their salary will not be cut. Earlier, other domestic airlines such as IndiGo, SpiceJet and Vistar have also made similar announcements.
Today HDFC and Kotak shares surge with open market
According to the source, AirAsia India has reduced the April salary of its employees by up to 20 percent. The salary of senior management will be reduced by 20 percent, while the salary of officers falling in other categories will be cut by 17 percent, 13 percent and 7 percent. When contacted, an Air Asia India spokesperson declined to comment.
Factories started in lock down, economy expected to improve 30-40%