• Privacy Policy
  • About Us
  • Contact Us
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
Cartographeum
No Result
View All Result

Vistara CEO says no layoffs; salary cuts to be reviewed in Jan 2021

Juliet Woodard by Juliet Woodard
September 20, 2020
Home Business
Share on FacebookShare on Twitter

Domestic airlines industry has been significantly impacted by the coronavirus pandemic and subsequent suspension of local and international flight services

Vistara, which has implemented various cost-saving measures amid the coronavirus pandemic, will review salary cuts in January but has not laid off any of its nearly 4,000 employees, according to the airline’s chief. Domestic airlines industry has been significantly impacted by the coronavirus pandemic and subsequent suspension of local and international flight services. Vistara’s Chief Executive Officer Leslie Thng told PTI that there have been no job cuts at the airline in the wake of the coronavirus pandemic.“There have been no job cuts at Vistara, and therefore, the staff strength remains the same as earlier — nearly 4,000 employees,” he said in an e-mail interview. Many airlines globally as well as some domestic carriers have resorted to salary cuts as well as layoffs and furloughs in efforts to reduce expenses due to challenging business conditions. When asked about future plans regarding employees, Leslie Thng said salary cuts will be reviewed in January next year.“With the intent of protecting all jobs at Vistara, we have had to make the difficult decision of reducing some staff costs by implementing salary cuts. This will continue to be in effect until December 2020 and will be reviewed in January 2021,” he said. Scheduled commercial flights were suspended from March 25 to May 24 while scheduled international services continue to remain suspended since March 23. However, select overseas flight services to certain countries under bilateral air bubble agreements as well as cargo and other flights approved by aviation regulator DGCA are operating. A full-service carrier, Vistara is a joint venture between Singapore Airlines and Tatas.

You have reached your limit for free articles this month.
To get full access, please subscribe.
Already have an account ? Sign in

Show Less Plan

Subscription Benefits Include

Today’s Paper
Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Faster pages
Move smoothly between articles as our pages load instantly.

Unlimited Access
Enjoy reading as many articles as you wish without any limitations.

Dashboard
A one-stop-shop for seeing the latest updates, and managing your preferences.

Personalised recommendations
A select list of articles that match your interests and tastes.

Briefing
We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

A letter from the Editor
Dear subscriber,Thank you!Your support for our journalism is invaluable. It’s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.Suresh Nambath

Tags: coronavirusCOVID-19economic slowdownlayoffspaycutsvistara
Juliet Woodard

Juliet Woodard

Next Post
Mitra the Robot Helps COVID Patients in India Speak to Loved Ones

Mitra the Robot Helps COVID Patients in India Speak to Loved Ones

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

Gold plunges ₹ 1,492, silver tanks ₹ 1,476

Post-festival demand will be key: Nestle India CMD

November 18, 2020
Four Steps To Mastering The Art Of Selfless Self-Promotion

What Does The Next Decade Look Like For Landlords?

November 16, 2020

Trending.

Understanding Emergency Rental Assistance For Landlords And Tenants

Understanding Emergency Rental Assistance For Landlords And Tenants

January 27, 2021
Rock Legend Gene Simmons Kisses His California Estate And High Taxes Goodbye

Rock Legend Gene Simmons Kisses His California Estate And High Taxes Goodbye

November 1, 2020
Rupee slumps 23 paise, settles below 74/USD level

Rupee slumps 23 paise, settles below 74/USD level

November 1, 2020
Webinar on weather and its impact on business on November 19

Webinar on weather and its impact on business on November 19

November 16, 2020
Should You Consider A Career As An Apartment Lease-Up Specialist?

Should You Consider A Career As An Apartment Lease-Up Specialist?

February 4, 2021

Cartographeum brings you the latest information about Tech,Real Estate & Business.

Follow Us

Categories

  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
  • Uncategorized

Tags

Amazon Apple Watch 2 Bombay stock exchange BSE Business Buying Guides china closing trade coronavirus Covid COVID-19 currency dollar rate economy Finance Ministry foreign exchange forex gold india indian economy Indian stock market Industry iOS 10 lockdown luxury homes market and exchange markets nifty Nirmala Sitharaman NSE oil pandemic Playstation 4 Pro rbi real estate Reserve Bank of India rupee rupee rate Rupee value rupee vs dollar sensex Sillicon Valley stock exchange Stocks USD

Recent News

Sensors Star In Mayo Clinic, Delos, KB Pilot Amid Healthier New Home Goldrush

Sensors Star In Mayo Clinic, Delos, KB Pilot Amid Healthier New Home Goldrush

March 1, 2021
Nine Ways Real Estate Decision Makers Can Address Affordability And Gentrification

Nine Ways Real Estate Decision Makers Can Address Affordability And Gentrification

March 1, 2021
  • Privacy Policy
  • About Us
  • Contact Us

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Review
  • Computers
  • Gear

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.