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Inc42 Shots | OYO To Revoke Covid-19 Salary Deduction In Phased Manner, Starting This Month

After having a rough patch due to the Covid-19 pandemic, hotel and hospitality unicorn OYO seems to be getting back on its feet. The company has recently announced that it will be rolling back the 25% salary deductions they had introduced in April 2020. This salary reinstatement will be in a phased manner depending on the employees’ CTC, and will be starting off from August payroll.

Employees earning upto INR 8 Lakh with a fixed compensation will start getting their salaries without deduction from this payroll. The company later confirmed that it will comprise 60% of its workforce in India and South Asia.

To read more, click here.

Author

Harshil Khatter

Inc42 Staff