Oyo India staff seek adequate compensation, may move court
After Oyo Hotels & Homes announced its employees on the leave with limited benefits (LwLB) plan in India will have to either opt for a voluntary separation programme (VSP) from the company or continue with the existing plan till February, 2021
Earlier this month, some impacted employees across Indian cities have banded together on social media platforms such as WhatsApp, Twitter and Facebook and told ET they are seeking adequate compensation in line with retrenchment benefits paid out in India and are considering pursuing legal remedies on the matter.
Oyo’s global chief human resources officer Dinesh Ramamurthi said Oyo India had to place approximately 2000 on roll employees on the leave with limited benefits plan in April out of which 98% of employees have accepted one of the two options.
Ramamurthi said 70% of the employees have accepted VSP and 28% have accepted LwLB and only 2% have either not accepted any of the two options or not responded or sought an extension due to logistical or personal reasons.