Airtel to give out one-time bonus as a token of appreciation

The bonus amount and the time of payout are yet to be finalised.

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Amidst the pandemic, when companies are either laying off employees or reducing their salaries, telecommunications giant Bharti Airtel has come out to play saviour to its employees. Chairman Sunil Mittal has sent out an e-mail to his employees, announcing a one-time bonus, which he refers to as a token of appreciation from the board.

As per the mail, the Chairman is indeed grateful to his employees for standing by the Company through such difficult times. While the news has been confirmed by Airtel to HRKatha, the details of the scheme are yet to be shared.

The announcement has brought much relief to the employees amidst the current environment of negativity and uncertainty.

Reportedly, this one-time bonus is only for those above the senior manager level.

The announcement also comes at a time when Airtel posted a net loss of Rs 15,933 crore in the April-June quarter of FY21, after accounting for exceptional items, where it provisioned Rs 10,744.4 crore towards its Revenue Adjusted Gross (AGR) dues, that it has to pay as per the directions of the Supreme Court.

In his mail, the Chairman stated that he is aware of how tough times have been for everyone, and yet, the employees of Airtel had managed to sail through and emerge strong. He expressed pride in the fact that Airtel had managed to achieve the highest market share ever.

The details of the scheme or exactly when the payout will be finalised is yet to be made public.