Good News For OYO Employees, Pay Cut Decision Revoked
Good news for OYO employees, pay cut decision revoked. Hotel chain Oyo on Tuesday announced full pay to its regular employees in India and South Asia from August 1.
In the wake of the Covid-19 crisis, the company had taken steps like cutting the salaries of employees or sending them on leave without pay.
Good news for OYO employees, A spokesperson of the company said that the salary cut for employees with annual income up to eight lakh rupees is being withdrawn from August 1. The rest of the employees’ salary cuts will also be withdrawn in a phased manner from October 2020.
On April 22, the company announced to send some of its employees to India on leave without pay from May 4. He was sent on leave for four months. At the same time, it was also asked for a 25 percent reduction in the salary of all employees in April-July 2020.
Employees said that 12.5 percent of the 25 percent pay cut will start from October, while the remaining 12.5 percent will start from December 2020. Roht Kapoor, the company’s chief executive officer of the company’s India and South Asia businesses, made the announcement at a townhall meeting with employees.
The spokesman quoted Kapoor as saying that OYO has given us an opportunity to fight in order to avoid these difficult times. The organization has unwavering support in good times as well as in difficult times. Kapoor asked everyone to come together and work to take Oyo’s business towards the predicament of COVID.
When the pay cuts were announced in May, the company said that action was planned in such a way that the compensation prescribed for any employee after the proposed pay cut is not less than Rs 5 lakh.
