Corona Unemployment problem is increasing very fast in crisis period. Companies in every sector are retrenching or sending them on leave. The online ticketing site BookMyShow said that it will lay off 270 of its employees and send them on leave. This retrenchment will make up 18.6 percent of the total workforce.
Has tried to support in every way
The founder and CEO of BookMyShow Ashish Hemrajani has given this information in a mail sent to his employees. The mail states that the company has promised to provide financial support, health insurance cover, outplacement support to its employees. With this help we are trying to reduce the burden of our employees.
The company is forced to take the decision
He said that in the present situation the business is completely at a standstill. This decision has not been taken in view of their performance. In the current situation, the company has been forced to take this decision.
Medical insurance facility by September 30
All employees who have been sent on leave without pay, are getting medical insurance, gratuity and other facilities as help from the company. Those who are being expelled from the company will get more than what they will get in the two-month salary or notice period. They will continue to get the benefit of medical insurance till 30 September.
Senior management voluntarily cut salary up to 50%
The senior management of BookMyShow has voluntarily decided to cut salary by 10-50%. Apart from this, they have also dropped the bonus. Let us tell you that BookMyShow was started in 2007. Lockdown continues from March 24 and lockdown-4 is ending on May 31. Theaters are completely closed for so many days. No decision has been taken so far regarding what will happen next.