Hyderabad-based airline, Trujet, has decided to cut 50 per cent of its employees’ salaries. The decision has been conveyed to the employees via an official letter.
The Company, which operates seven ATR aircraft, has informed the employees that those earning gross salaries between Rs 15,001 and Rs 10 lakh will take a minimum 50 per cent cut.
The employees whose salaries are above Rs 10 lakh will take a cut of 60 per cent. These cuts will be imposed with effect from June 26.
The airline has clearly stated that the move to impose salary deductions has been made because of the cash crunch it is facing. With flights being grounded and all travel being restricted ever since the coronavirus outbreak, there have been no revenues.
However, Trujet managed to pay full salaries to its employees in March and April. But to ensure that it survives these difficult times and stays afloat, it has had to resort to pay cuts. Also, since the aviation sector will take at least a year to recover, there seemed to be no other option.
All airlines in India have been resorting to cost-cutting measures, such as furloughs, pay cuts, and even layoffs. IndiGo was the most recent airline to officially announce a 10 per cent reduction in staff strength. Although its pilots seem to have been spared for the time being, the future for those working in the aviation sector in India does not look very bright.