 "Vistara again sends senior employees on leave without pay for up to 3 days")
Senior Vistara employees will go on compulsory leave without pay for up to three days between April 15 and April 30 to help save cash for the airline as it lies idle during India’s lockdown to contain the coronavirus, said CEO Leslie Thng on Wednesday.
The airline introduced on March 27compulsory leave without pay for up to three days between April 1 and April 14 for the same set of senior employees.
The compulsory no pay leave will affect around 1,200 employees in senior grades.
The remaining 2,800 employees of the airline such as members of cabin crew and ground handling services will be unaffected.
"With the announcement by the government of India on extending the lockdown, we continue to suspend all our domestic and international operations till 3rd May 2020 and this further impacted significantly on our cash flow with no revenue being generated over an extended period of time," Thng said in an email to employees, according to news agency PTI.
India’s suspension of domestic and international was extended till May 3 as Prime Minister Narendra Modi declared that the nation would stay indoors till that day.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%