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Air India urges top officers to forego salaries
Published on Fri, Jun 19, 2009 at 17:56, Updated on Fri, Jun 19, 2009 at 19:28 in Business section
Tags: Air India, Air India Salaries , Mumbai
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Mumbai: Air India has asked its senior management to voluntarily forego salaries and productivity linked incentives in July due to an ongoing liquidity crunch, the state-run airline said in a statement on Friday.
The firm's chairman and managing director, Arvind Jadhav, has requested executives in the level of general managers and above to forego salaries in July, the airline said.
The firm had earlier this month decided to defer the salary and incentives of all employees for June, by 15 days.
The payment of productivity-linked incentive too has been delayed by 15 days, according to a circular issued by Air India management.
Air India's losses for the last financial year are estimated at around Rs 4,000 crore, up from Rs 2,226 crore in the previous fiscal.
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Absolute non-sense. This is a typical jealous and envy of people who get free travel allowance i.e LTA or LTC
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This is not so surprising because the Governments Policy was implemented such that this weas the only possible outcome. Can
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Another critical issue is the fact that a large number of seats on key sectors are gobbled up by Air
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Air India has over the years increased its operating inefficiency thereby adding to its woes. Wonder if statistics are available
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Wow what a move! Can there be anything moer comical than this... will the senior bureaucrats really agree to forgo
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