(Pooja Dubey, Intern Journalist) The business of hotel companies has been badly affected due to difficulties in the hotel sector due to the Corona crisis. In such a situation, the hotel company Oyo has decided to extend the leave of its employees sent on leave from May to 28 February 2021 for the next 6 months. They have also given the option to leave the company on their own. Earlier, the company had sent employees on leave for the next four months from May 4.
The company has also announced other relief for employees who opt for an extension of leave and opt for self-employment. It also announced financial assistance for employees, rebate on ESOP vesting, health insurance coverage. On this, Oyo (India and South Asia) CEO Rohit Kapoor said that ‘the company never does this in ideal condition. We know you expected a lot from us, but we are sorry about that. We are currently living in a world where everything is far from ideal.’
Oyo’s business is in over 80 countries. This time there has been a decline in revenue due to the Corona crisis. In such a situation, the company had to make decisions like cutting the salary of its employees, sending them on leave without pay.
Due to this, the company has to revisit its working model. The company has been customized as a ‘hybrid workplace model’ to help the company function at full capacity without compromising the health and safety of its employees.
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