![Nokia CEO Stephen Elop's pay package halved in 2012]( "Nokia CEO Stephen Elop's pay package halved in 2012")
Elop earned 4.33 million euros ($5.63 million) in 2012, down from 7.94 million euros in 2011. ...
02:06 PM, Mar 08, 2013
Apple CEO Tim Cook got $4.2 million in pay for the latest fiscal year. ...
12:09 PM, Dec 28, 2012
Bhopal: Opposition Congress in Madhya Pradesh on Monday strongly criticised the BJP state government for not paying salaries and allowances to government employees. "The fact that many families in the state won't be able to celebrate Dhanteras or Diwali shows that Chief Minister Shivraj Singh Chouhan is no longer sensitive," leader of opposition in the MP assembly Ajay Singh said. He said employees of the public health, engineering and transport...
02:13 AM, Nov 13, 2012
New Delhi: Cash-strapped Kingfisher Airlines employees resumed work on Friday after striking a deal with the management and agreeing to the staggered salary payment schedule proposed by the company. Reports said that many of them have received the salary for the month of March. Meanwhile, Civil Aviation Minister Ajit Singh said that the airline has to satisfy the Directorate General of Civil Aviation (DGCA) and paying salaries is not enough....
12:27 PM, Oct 26, 2012
New Delhi: Troubled Kingfisher Airlines Chairman Vijay Mallya will be attending the Indian Grand Prix event at Greater Noida later this week. Mallya will be returning at a time when the airline is in the middle of a crisis. The employees of Kingfisher Airlines wanted to speak directly to Mallya on their issues, but they were not given permission to do so. They are seeking four months' pay by October...
11:07 AM, Oct 24, 2012
New Delhi: No end to the standoff between Kingfisher Airlines employees and management. The partial lockout is set to continue as the cash-strapped airlines' officials had sought time from the DGCA until Wednesday but the employees have refused a written assurance of three months salary before Diwali. They want to be paid by Thursday. The crisis in Kingfisher Airlines following a 23-day lockout is likely to prolong with a large...
08:39 AM, Oct 24, 2012
New Delhi: Kingfisher's bankers, which have over Rs 7,500 crore locked in the ailing airline, will soon meet to chart out the future course of action, said PNB Chairman and Managing Director KR Kamath. "The bankers will sit and decide what is the situation now and what they will do," Kamath said. Punjab National Bank (PNB) is part of the SBI-led consortium of 17 banks that has exposure in the...
03:53 AM, Oct 24, 2012
New Delhi: The Kingfisher Airlines staff yet again rejected the airline management's offer of three-month salary payment on Tuesday, demanding that the unpaid dues from March to June be paid in one go on or before October 26. Speaking to reporters, Kingfisher employee Subhash Mishra said that the staff members had lost their faith in the airline management. "We want the pending salaries for the month of March and full...
06:06 PM, Oct 23, 2012
New Delhi: The crisis in the Kingfisher Airlines may have been reduced a bit after its striking employees on Monday agreed to take it three months' salary offer. A final decision from the management on the resumption of flight operations, however, is awaited. The ailing airline company on Monday offered to pay one month salary to its employees in 24 hours during a closed-door meet with the representatives of its...
06:25 PM, Oct 22, 2012
Mumbai: The ailing Kingfisher Airlines on Monday offered to pay one month salary to its employees in 24 hours during a closed-door meet with the representatives of its pilots' and employees' unions. Sources said that the airline company further offered to pay the second month salary within a week and the salaries for the third month before Diwali. However, the staff members are said to be unhappy with the offer,...
04:13 PM, Oct 22, 2012
Mumbai: Facing the real possibility of a shut down, cash-strapped Kingfisher Airlines will make one last attempt to convince its 4000 employees to return back to work on Monday. The management is slated to hold talks with them in Mumbai. This comes three days after the Directorate-General of Civil Aviation (DGCA) suspended its licence - putting the airline in further jeopardy. The employees have been seeking payments of all pending...
08:38 AM, Oct 22, 2012
New Delhi: Troubled Kingfisher airlines, whose flying licence was suspended by the DGCA, on Saturday night said it has stopped taking booking of tickets till it resumes operations. "We are now immediately suspending all forward bookings till such time we resume operations," Kingfisher spokesperson said in a statement, adding it's "our endeavour to re-start operations at the earliest and we assure you we are working towards achieving this". Meanwhile Kingfisher's...
08:52 AM, Oct 21, 2012
New Delhi: Air India employees would again raise the banner of protest by organising rallies and meetings soon, accusing the management of "overlooking their legitimate rights" and delaying payment of back wages and other dues. Though no strike threat has been given, a joint forum of eight Air India unions representing different sections of staff of the national carrier has said they would soon start wearing black badges, take out...
03:39 AM, Oct 21, 2012
New Delhi: Flying licence of Kingfisher Airlines has been suspended till further orders, the Directorate General of Civil Aviation has said. "KFA's licence has been suspended till it comes with a revival plan," it said. The move comes after the Vijay Mallya-owned airlines failed to respond to DGCA's show cause notice. The airline has been struggling to pay its bills. It is seven months behind on salary payments and its...
02:34 PM, Oct 20, 2012
New Delhi: All eyes are on Kingfisher Airlines which faces suspension of its license on Saturday after it failed to reply to any of the questions posed in the Directorate General of Civil Aviation (DGCA) show cause notice. Instead, the airline has asked for time to reply in person to the notice. The DGCA is mulling what steps should be taken next with a team of legal experts. A decision...
07:34 AM, Oct 20, 2012
New Delhi: It seems it is end of the road for Vijay Mallya's Kingfisher Airlines? Civil Aviation Minister Ajit Singh on Wednesday said that the airline's license could be cancelled. Meanwhile, there seems no end to the lockout as talks with employees failed again on Wednesday. In fact the Directorate General of Civil Aviation (DGCA) has blocked out the debt-ridden airlines' winter schedule. No flights have been operating since October...
07:17 AM, Oct 18, 2012
New Delhi: Beleaguered Kingfisher airlines, which has declared a lockout till October 20, will hold a meeting with the employees' representatives on Monday in Mumbai to resolve the deadlock over non-payment of salary dues. Airline CEO Sanjay Aggarwal has written a letter calling employees for the meeting, airline sources said. Employees have been on a strike demanding payment of salaries of seven months and have been insisting that dues be...
11:39 AM, Oct 14, 2012
New Delhi: Cash-strapped Kingfisher Airlines' CEO Sanjay Aggarwal has written to the airline employees asking them to help the airline back to normalcy. "We need you to help us to have any chance of getting back to normalcy. Hope we will able to present viable plan to the DGCA and we hope to resume operations on October 13." Sanjay's letter says that the airline management has been working relentlessly to...
11:26 AM, Oct 10, 2012
New Delhi: With DGCA serving a show-cause notice to beleaguered Kingfisher Airlines asking why its license should not be taken away, industry experts on Saturday said it could have been issued four months ago when the then aviation regulator chief had made a similar recommendation to avoid the present situation. "The government should have taken forward the recommendations made by then DGCA chief EK Bharat Bhushan who had recommended issuance...
10:04 AM, Oct 07, 2012
New Delhi: Adding woes for liqour baron and owner of cash-strapped Kingfisher Airlines Vijay Mallya is main lender SBI which has said that it cannot release any more funds. SBI Chairman Pratip Chaudhuri said that the tax department has freed 80 per cent of Kingfisher Airlines' funds and the loans to the airline are fully provided for. And there is no room for more loans to the airline. This means...
10:58 AM, Oct 06, 2012
