• Chethan Machaknur

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.

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