Malindo Air asks staff to take up to 50% pay cut to cushion coronavirus blow

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KUALA LUMPUR: Malindo Air has ordered its staff to take up to a 50% pay cut and two weeks unpaid leave as the coroanvirus epidemic hurts air travel de...

Malindo Air has ordered its staff to take up to a 50% pay cut and two weeks unpaid leave as the coroanvirus epidemic hurts air travel demand and the broader industry, according to a memo sighted byIn a company-wide memo sent on Friday, chief executive officer Mushafiz Mustafa Bakri said the airlines have implemented several measures to cope with the revenue shortfall, including suspending flights, appealing to suppliers to defer payments, and asking staff to volunteer for unpaid leave.

As part of the pay cut, employees were asked to reduce their number of working days by up to 15 days a month. Airlines around the world have halted flights and launched promotional campaigns to boost demand to trouble-free routes after the spread of the coronavirus, which originated late last year in China and have now infected over 100,000 people worldwide in a massive blow to businesses.

 

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Malindo Air asks staff to take up to 50pct pay cut to cushion Covid-19 blowKUALA LUMPUR: Malindo Air has ordered its staff to take up to a 50 per cent pay cut and two weeks unpaid leave as the Covid-19 coroanvirus epidemic hurts air travel demand and the broader industry, according to a memo sighted by Reuters. Is this the best way? Is the CEO or management also taking the pay cut as well? Or just bullying the employees only?
Source: NST_Online - 🏆 17. / 53 Read more »