Close Menu
Travellers World Online
    Facebook X (Twitter) Instagram
    Travellers World OnlineTravellers World Online
    • Home
    • Industry Speaks
      • New Appointments
      • Culture
      • Travel Tech
      • Book Review
    • Stories
      • Tourism
      • Wildlife
      • Environment
    • Interviews
    • Hotel Review
    • Green Warrior
    • Follow the Food
    • Jobs
    • More
      • E-Mag
      • Contact Us
    Travellers World Online
    Home»Industry Speaks»Softbank backed Oyo Hotels & Homes decided to restore employee salaries
    Industry Speaks

    Softbank backed Oyo Hotels & Homes decided to restore employee salaries

    TW NewsBy TW NewsAugust 9, 2020Updated:September 20, 20221 Min Read
    Facebook Twitter LinkedIn WhatsApp
    Share
    Facebook Twitter LinkedIn WhatsApp Email

    According to an announcement made through a town hall meeting led by CEO for India and South Asia Rohit Kapoor and chief human resources officer Dinesh Ramamurthi of Softbank backed Oyo Hotels & Homes, the chain declared that it is restoring full salaries of employees with a fixed compensation of upto Rs 8 lakh and will gradually restore salaries of all other employees by December this year.  Also, there will be immediate salary restoration for employees with salaries of upto Rs 8 lakh means pay cuts for as many as 60% of employees across India and South Asia stand reversed, and that they will receive their full salary in the next payroll. Earlier, in the face of the deep and upfront impact of the covid 19 situation on tourism industry, the company had taken some hard decisions in the form of considerable pay-cuts and sending many employees for leave without benefits.

    Share. Facebook Twitter LinkedIn WhatsApp
    TW News

    More article from TW News

    Related News

    A Taste of Tradition and Innovation

    Travellers World Online Magazine April – May 2025

    Kaziranga National Park suspends Jeep Safari from May 19

    Comments are closed.

    Industry Speaks

    Evoke Experiences Expands Portfolio with New Hospitality Model

    Monday Hotels Celebrates One Year of DNH PROjects Success

    Thomas Cook India Expands to Europe with Cyprus Office

    Follow the Food

    A Taste of Tradition and Innovation

    May 19, 2025

    Crowne Plaza Ahmedabad Presents “Mewar to Marwar – Flavours of Royalty”

    May 16, 2025

    My Oh My’s New Cocktail Collection Captures the Season’s Essence

    May 15, 2025
    Environment

     Beyond Luxury: Eco-Conscious Experiences in the Maldives

    India’s Travel Industry Pivots Towards Sustainable Future Amid Rising Climate Concerns

    Heatwave Alert: India Braces for Scorching Summer as Temperatures Set to Soar

    About The Team

    This is an initiative by a group of highly experienced individuals from mainstream Media, photography, hospitality and travel industry.

    Facebook X (Twitter) Instagram YouTube LinkedIn
    Custom Links
    • About us
    • Refund Policy
    • Privacy Policy
    • Terms & conditions

    Subscribe to Updates

    Get the latest news about Travel Industry in your inbox

      © 2025 travellersworldonline.com.

      Type above and press Enter to search. Press Esc to cancel.