COVID-19 impact: IDFC First Bank senior management takes 10% compensation cut in FY21; pays 100% variable pay to 78% staff
IDFC First Bank paid 100 percent of the variable pay to 78.2 percent of employees for FY20.
In December 2018, loss-making carrier Jet Airways failed to disburse the month's salary to some other categories of employees after defaulting on salary payment to its senior management along with pilots and engineers.
Cash-strapped Jet Airways to get a new investor on board soon; airline's bids to trim costs underway amid pilots' salary woes
The loss-making Jet Airways has been defaulting on salary disbursement to its senior management along with pilots and engineer since August due to severe cash crunch.