New Delhi (NVI): With the Covid-19 hitting hard several sectors including aviation, India’s largest airline Indigo has decided to lay off a tenth of its staff or about 2,800 people, to survive the disruptions caused by the pandemic.
Chief executive of the airline, Ronojoy Dutta said in a statement today said, “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 operation.”
“Therefore, after carefully assessing and reviewing all possible scenarios, it is clear that we will need to bid a painful adieu to 10 percent of our workforce,” he added.
Indigo flies one in every two domestic passengers but the Covid-19 restrictions air travel have taken toll on the company’s prospects. Globally, aviation and tourism sectors had to bear the brunt of the pandemic amid travel and movement restrictions.
However, the impacted employees of the airline will be paid ‘notice pay in lieu of serving notice applicable to them’, apart from a severance pay which will be calculated as one month of CTC (Cost to Company) for every completed year of service, subject to a maximum of 12 months, while their insurance coverage will be extended till December 2020, according to an official statement released by the company.
The airline had as many as 23,531 employees, as of March 2019.