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Indigo payments salary
Indigo payments salary











indigo payments salary

Those with longer tenure with the Company will receive more as per this method of calculation.įurthermore, medical insurance coverage for impacted employees will be extended until December 2020. This will lead to more cash in hand in comparison to calculations on gross salaryĪn impacted employee will receive at least three months’ gross salary, including both the above payments. In addition to the notice pay, the impacted employees will be paid severance, which will be calculated as one month’s CTC for every completed year of service, subject to a maximum of 12 months. This will be calculated on the gross salary, basis the employee’s notice period. In terms of financial support, the affected employees will be given notice pay in lieu of serving the notice applicable to them. To help the impacted employees tide over the uncertainties emanating from this decision, IndiGo has created a ‘6E care package’.

indigo payments salary

Therefore, after carefully assessing and reviewing all possible scenarios, Indigo, for the first time in its history, decided to resort to shrinking its workforce.

indigo payments salary

However, clearly, these measures were not enough to offset the decline in revenues. Understanding the gravity of the situation, the India’s top carrier, IndiGo, has laid off 10 per cent of its staff, following a re-evaluation of its best-laid plans.Įarlier, when the lockdown was announced, Indigo did undertake a number of measures such as pay cuts and leave without pay. The ongoing pandemic has impacted many industries around the world, but aviation is by far the hardest hit.













Indigo payments salary