Important Update from

Important Update from IndiGo

Note from Ronojoy Dutta, CEO, IndiGo

The current pandemic has impacted many industries around the world, amongst which aviation has been one of the sectors that has been impacted the hardest. Even now, IndiGo is  flying only a small percentage of its full fleet of 250 airplanes.

Right at the start of this crisis, IndiGo understood the gravity of the situation. For us, it was critical to minimise the impact of the pandemic on our employees and in fact IndiGo was one of the few airlines globally which paid full salaries for the month of March and April 2020, despite the disruption in business. Subsequently, we did have to undertake a number of measures such as Pay Cuts, Leave Without Pay and various other costs; but unfortunately, these cost savings are clearly not enough to offset the decline in revenues. And from where things stand currently, it is impossible for our company to fly through this economic storm without making some sacrifices, in order to sustain our business operations.

Therefore, after carefully assessing and reviewing all possible scenarios, it is clear that we will need to bid a painful adieu to 10 per cent of our workforce. It is for the first time in the history of IndiGo that we have undertaken such a painful measure. This is indeed a very unfortunate turn of events from the optimistic growth trajectory we had carved out for ourselves just six months ago;  but this pandemic has forced us to re-evaluate our best laid plans.

To help the impacted employees’ tide over the uncertainties emanating from this decision, IndiGo has created a ‘6E Care package’, the details of which are listed below.

Financial support

·  Notice pay in lieu:  Impacted employees will be paid notice pay in lieu of serving notice applicable to them. This will be calculated on the gross salary, basis the employee’s notice period.

·  Severance Payment: In addition to notice pay, impacted employees will be paid a severance pay which will be calculated as one month of CTC for every completed year of service, subject to a maximum of 12 months. This will lead to higher cash in hand in comparison to calculations on Gross salary

·  At a minimum, an impacted employee will receive at least 3-months’ gross salary, including both the above payments. Those with higher tenure with the company will receive more as per the above calculation method.

·  Annual Bonus / Performance Linked Incentive (PLI) (for Non- crew), FY 2019 – 20 : Payment of bonus / PLI shall be made when the Company decides to make this pay-out to the rest of the employees in this financial year, even after the impacted employee’s exit.

·  Longevity Bonus (Crew): For year 2020, longevity bonus shall be paid along with Full and Final to eligible crew members. This bonus is only applicable for cabin crews.

·  Leave Encashment, if any

·  Gratuity, as applicable per Payment of Gratuity act

Medical Insurance

• Medical Insurance coverage for impacted employees will be extended until December 2020. There shall also be a provision to continue with the policy post December 2020 as per applicable market rates. For those employees who had covered their parents via the policy, such insurance will also be extended until December 2020. As is currently existing, payment will be borne by the employees.

Professional Support:  We appreciate how important continuity of career is to our people and we will do our best to assist. Following are the details for Professional Support.

·  6E Career transition support: In addition to the financial package outlined above, we will also provide the impacted employees, an “Outplacement Allowance” to support them seek professional help to explore career opportunities, outside IndiGo.

·  6E Talent Directory: We value the skills and experience they bring to the table. The directory will help us reach out to them, before anybody else, when we see our operations revert to normal. Needless to say, that it is our commitment to first hire such employees back before opening such positions to other applicants.

·  Recommendation letter:  Each employee who has been impacted will receive a personalized recommendation letter to vouch for their professional credentials

Emotional Support: We understand that these are trying times that can severely test even the best amongst us. To help the impacted employees tide over these emotional times, we will have the following Assistance Program.

·  1-0-1 Assistance Program - 3 months from the last date of employment with us. Details of this program will be shared with the impacted employees directly

One-way Air ticket

• Should the impacted employees need to travel back to their hometown or base location, we will assist them with a one way confirmed air ticket.

This has been one of the toughest decisions that we have had to take and we are ensuring that the transition process for the impacted employees is carried out seamlessly, professionally; and with the utmost respect and compassion.  We would like to express our heartfelt gratitude and sincere thanks to all our people who have stood by us through thick and thin; and we are confident that both individually as well as collectively, we will emerge stronger out of this crisis.

Godrej Consumer Products insures workforce of more than

Godrej Consumer Products insures workforce of more than
4000 personnel against COVID-19

                                                                       

 Continuing its efforts to empower stakeholders against COVID-19, Godrej Consumer Products Ltd, a leading emergent markets company, has insured over 4000 extended workforce part of the supply and distribution chain in India. The medical insurance covers personnel on channel partners’ payrolls or contracted by them to ensure smooth business operations for GCPL. For medical hospitalization or treatment of COVID-19, each employee is entitled to cashless treatment or reimbursement of medical expenses up to INR 50,000.

This is a pioneering industry-first initiative taken by a corporate to cover such a large number of personnel. The medical insurance under Digit Illness Group Insurance Policy is provided by Go Digit General Insurance, a new age general insurance company with a mission to make insurance simple. The 4000+ personnel base who are covered under medical insurance are contract labours, delivery teams, carrying and forwarding agents, loaders and unloaders, and logistic teams including drivers. This is in addition to 2675 permanent employees of GCPL who already have medical benefits.

Commenting on this major step taken by the company, Sunil Kataria, CEO – India & SAARC, Godrej Consumer Products Ltd, said, “COVID-19 has posed great threat to public health in India.  Be it permanent, contracted or third-party, GCPL has commitment towards all its extended workforce. We value their efforts, and their safety is of prime importance to us. Therefore, we have undertaken this initiative to insure the workforce of over 4000 personnel who are the backbone of our supply and distribution chain. We have established a comprehensive health and safety monitoring system in all our operating locations. Through a culture of proactive and preventive behavior, we will continuously review our policy to keep them in line with current requirements and needs of our workforce.”

Jasleen Kohli, Chief Distribution Officer, Digit Insurance, said, “Our mission at Digit is to simplify insurance & to create products that people really need. Given, the current global situation, offering a cover for COVID-19 was the need of the hour and we are glad that Godrej shares this vision with us for their employees. The product covers not just hospitalization expenses including ICU Rent & Room Rent but also Pre/Post Hospitalization & Ambulance Charges for a positively tested COVID-19 patient. The idea is to handle these unpredictable times in the best way possible, through simplified insurance as an instrument. Also, our entire claims process is ‘Zero-touch’, which is required at this time, as we accept audio claims instead of claim forms, soft-copies instead of hard-copies for proofs and have a 24*7 customer care assistance, again completely online.”

Godrej Consumer Products has always been committed to maintain both lives and livelihoods. As its manufacturing units are functioning, the company has ensured that employees are following hygiene and adequate social distancing practices. Factory personnel are given face masks along with provisions of sanitisers, staggered shifts, access control and thermal screening.

GCPL has set up a daily COVID-19 allowance for all its factory and contract employees. A one-month food package containing essential products like rice, flour, pulses, oil, salt, among other items, is also given to them. GCPL has ensured no deduction in wages of contract workers and is closely working with contractors to ensure this policy is followed as a protocol.