Oyo plans to roll back pay cut for employees in phases

Oyo Hotels and Homes Ltd. India told its employees that it will be reinstating salaries of employees in a phased manner, at a town hall, which was addressed by Oyo India CEO Rohit Kapoor and chief human resources officer Dinesh Ramamurthi

Salaries of employees with a fixed compensation of up to ₹8 lakh will be reinstated beginning the August payroll. All other employees earning above ₹8 lakh will see phased reversal in their pay cut, with 12.5% of the total 25% cut restored from October, this year, and the remaining 12.5% pay cut restored effective December, 2020.