Mumbai: Air India will cut productivity linked incentives (PLI) payable to its employees by up to 50 per cent, in a cost cutting measure affecting over 7,000 of its employees.
The incentive pay cut is applicable to all officers, including top management, and will range from 25 per cent, for those getting PLI of Rs 10,000 or less a month, to 50 per cent for those getting incentives of at least Rs 200,000 a month, it said in a statement released late Wednesday.
The cut will be effective from PLI payable in August 2009 onwards.
Air India has been struggling after it posted a $875 million loss in the fiscal year ended March and has sought a Government bailout.
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