July 21, 2020
2 mins read

10% Layoffs At IndiGo

New Delhi: IndiGo Airlines CEO Ronojoy Dutta addresses at a press conference where passenger carrier IndiGo signed a one-way codeshare agreement with Qatar Airways, in New Delhi on Nov 7, 2019. (Photo: IANS)

The Covid-19-induced economic turbulence has led airline major IndiGo to decide to lay off 10 per cent of its workforce.

According to IndiGo CEO Ronojoy Dutta, the company after carefully assessing and reviewing all possible scenarios will require to bid “a painful adieu” to 10 per cent of its around 27,000-strong workforce.

“It is for the first time in the history of IndiGo that we have undertaken such a painful measure. This is indeed a very unfortunate turn of events from the optimistic growth trajectory we had carved out for ourselves just six months ago, but this pandemic has forced us to re-evaluate our best-laid plans.

“To help the impacted employees’ tide over the uncertainties emanating from this decision, IndiGo has created a ‘6E Care package’,” Dutta said in a note.

 

Dutta said the current pandemic has impacted many industries around the world, among which aviation has been one of the sectors that have been hit the hardest.

“Even now, IndiGo is flying only a small percentage of its full fleet of 250 aeroplanes. This has been one of the toughest decisions that we have had to take and we are ensuring that the transition process for the impacted employees is carried out seamlessly, professionally and with the utmost respect and compassion,” he said.

IndiGo. (File Photo: IANS)

“Right at the start of this crisis, IndiGo understood the gravity of the situation. For us, it was critical to minimise the impact of the pandemic on our employees, and in fact, IndiGo was one of the few airlines globally which paid full salaries for the month of March and April, despite the disruption in business,” Dutta added.

Subsequently, the airline instituted a number of measures such as pay cuts, leave without pay and various other costs; but unfortunately, these cost savings were clearly not enough to offset the decline in revenues.

“And 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,” he said.

Also Read-Five Rafales to Reach India Amid Row With China

Previous Story

Madhya Pradesh Governor Lalji Tandon Passes Away

Next Story

China, France To Hold Financial Discussion

Latest from India

Maharashtra Sees Sharp Spike In Cases

Maharashtra recorded the highest – 495 – Covid-19 deaths, a day after a record peak of 23,816 new cases, as the state total is set to touch a million, health officials said

Can Metro Solve Agra’s Traffic Woes

Though work on the ambitious Agra Metro rail project has begun, no thought has been given to the restructuring and redesigning of the existing road network in the city…reports India Daily News

Gujarat Records Highest Single Day Spike

Gujarat recorded its highest spike of 1,272 coronavirus cases on Friday, taking its tally to 92,601 while the death toll rose to 2,978 as 14 more patients succumbed. During August so far,
Go toTop