Vistara to continue slashing salaries of their employees till March
Vistara Airlines, shall be continuing with their staff’s pay cut process until March but will do away with the three-day leave without pay for pilots effective from January 1. The announcement comes as Vistara had announced last September that it will review the salary cuts in January. According to the sources close to the Airline, the management shall be applying a 10 percent salary cut for the pilots and simultaneously will increase their monthly base flying allowance to 40 hours from 20 hours at present.
Earlier, for pilots, who were getting base flying allowance since April, which is a fixed component of the salary, for 70 hours per month, the allowance was reduced to 20 hours till December 31.
"COVID-19 continues to have an industry-wide impact on business, despite improvement in the operating environment. While we currently deploy nearly 70 percent of our pre-COVID-19 capacity, our operating revenue is still at a significant distance from normal levels," the Vistara spokesperson added.
In this direction, the airline continues to take several measures to control operational expenditures, including containment of staff costs. Employees at the junior levels, whose monthly cost-to-company equals or is more than Rs 50,000, will be affected by a 5 percent monthly pay cut.
Meanwhile, for pilots, a monthly 10 percent pay cut will be applicable. However, their monthly base flying allowance will be increased from the current 20 hours to 40 hours. The scheme does not impact nearly 60 percent of Vistara's staff at junior levels.
