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PAY CUT CORONAVIRUS
Deutsche Bank investors urge bank to keep lid on costsDeutsche Bank investors are calling for strict cost discipline at the bank's annual meeting. Some shareholders plan to vote against a propo...- EU lawmakers back blockbuster $2.3-trillion long-term budgetThe European Parliament has backed a larger EU budget for 2028-2034, proposing new taxes on digital giants and online gambling to fund a 10...
- How to transition from double income household to a single income oneHave you been the victim of income shortage or loss due to coronavirus-led job loss, pay cuts etc.? Utilise your out of job time to upskill...
- Cash-strapped Air India reduces monthly allowances of employees by up to 50%The order, dated July 22, said basic salary and allowances linked to it like industrial dearness allowance (IDA) and house rent allowance (...
- Air India to send certain employees on leave without pay for up to five yearsThe scheme is with an intent to reduce the salary bill of Air India, which stands at ₹ 250 crore a month. “This, along with various other s...
- Vistara announces 5-20 per cent pay cut for 40 per cent employees till December"About 60 per cent of our employees are not impacted by the pay cut," a Vistara spokesperson said.
- Pune Labour Commissioner issues notice to Tech Mahindra on cutting allowancesThe Pune-based union has claimed that Tech Mahindra’s decision to reduce compensation effective May violates a central government order not...
- Govt denies talk of salary cut for central employees"There is no proposal under consideration of Govt for any cut whatsoever in the existing salary of any category of central government emplo...
- IndiGo reinstates pay cut for senior employees from May“While we had paid employee salaries in full for the months of March and April, I am afraid that we are left with no option but to implemen...
- Reliance Industries announces pay cuts, Mukesh Ambani to forgo entire compensationBesides Ambani, the board of directors, exec committee members and senior staff will also forgo 30-50% pay.
- Coronavirus impact: 77% companies may not cut salaries, 42% undecided, finds survey57% firms say they may face negative impact in next six months, as per the recent Willis Towers Watson survey. Working from home is the new...
- Covid-19: IndiGo rolls back April pay cuts for staffIndiGo was the first airline to announce salary cuts of up to 25% across its workforce.
- Oyo announces pay cuts, leave with limited benefits options for India staffOyo did not specify how many employees will be put on leave with limited benefits for four months in India but sources familiar with the ma...
- AirAsia cuts staff salaries by up to 20% for April"AirAsia India has cut the April salary of its employees by up to 20 per cent. The senior management will take a pay cut of 20 per cent whi...
- SpiceJet says limited number of engineering staff on leave without payMany other carriers have also announced leave without pay regime for their staff as flight services are suspended in the wake of the corona...
- Covid cloud at Harvard, MIT: Leadership pay cuts, salary freeze, no hiringHarvard has also cancelled or deferred discretionary spending.
- Maharashtra CM, cabinet to take a 60% pay cut for this monthChief Minister Uddhav Thackeray and other MLAs will be taking 60% deductions in their salaries, while class A to B employees will get a 50%...
- PwC deferring promotions, increments and bonuses of India employees, partners to take 25% pay cutPwC India is deferring promotions, increments and bonuses for all its employees in India due to Covid impact.
- After IndiGo, GoAir announces company-wide pay cutThe Airline had previously laid off its expat pilots, and introduced leave without pay for its employees along with a paycut of up to 50% f...
- Coronavirus Impact: GoAir senior management to take 50% pay cutSenior management executives at GoAir are taking 50% pay cuts to control costs as virus cripples business.
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