Even ten days after the strike by the Air India's pilots began there appears to be no resolution in sight. With civil aviation minister Ajit ...
10:53 AM, May 16, 2012
New Delhi: Indian aviation industry is facing a huge crisis with two major airlines staring at pilots going on strike, affecting flight schedules and throwing the travel plans of thousands of passengers into disarray. After several Air India pilots went on strike over differences with the management, it is the turn of cash-strapped Kingfisher Airlines pilots to go on strike, protesting against non-payment of their salaries for the past few...
12:55 PM, May 10, 2012
Mumbai: A large section of Kingfisher Airlines employees, including pilots and engineers, received their salaries after a delay of nearly four months, airline sources said on Monday. "In fact, we paid the salaries of all employees on Apr 4 itself. However, due to some back-end problem in one of the banks, a section of employees could not get it then," they said. Chairman of the crisis-hit airline Vijay Mallya had...
06:22 PM, Apr 09, 2012
The engineers and pilots warned the management that if they are not assured that all their pending dues including salaries would be paid by April 20 then they would strike work from Tuesday. ...
10:56 PM, Apr 02, 2012
Mumbai: Kingfisher Airlines employees have given the company's management time till April 3 to release their salaries, which have not been paid since December 2011. Refusing to listen to Kingfisher Airlines Chairman Vijay Mallya, who promised to pay by dues the April 10, the engineers and pilots of the company met the management on Monday and demanded that their salaries should be paid by 8 pm on Tuesday, April 3....
03:33 PM, Apr 02, 2012
Mumbai: Air India on Sunday ruled out any disruption of its operations due to a strike warning from various unions from April 2, saying there is no threat of any strike from any of the registered unions of its employees. In what would have come as a breather to the debt-laden national carrier, the Air Corporation Employees Union (ACEU) on Sunday came out with a statement ruling out any strike....
03:34 AM, Mar 26, 2012
New Delhi: After Kingfisher Airlines, trouble is brewing in Jet Airways. The pilots will wear black arm bands to work to protest delay in salaries. The salaries of Jet Airways staff has been getting delayed by 15 days every month. Reports suggest the staff has been receiving its salaries 15 days later than usual. Recently, Jet Airways had sought additional working capital from the government and enhanced credit period with...
09:26 AM, Mar 07, 2012
Rome Italian ministers on Tuesday posted their salaries and assets online in an effort to boost transparency amid a crackdown on tax evasion. The unelected government led by Prime Minister Mario Monti took over the reins of power in November after scandal and a financial crisis toppled Silvio Berlusconi's conservative government. While Berlusconi was criticized for encouraging tax evasion by granting amnesties to transgressors who were required to pay only...
01:06 PM, Feb 22, 2012
Los Angeles: Tim Cook could well end up being the highest paid CEO in America in 2011, after Apple Inc. granted him a million restricted stock units last August for taking the reins shortly before co-founder Steve Jobs died. An Associated Press review of a securities filing shows Cook's pay package was valued at $378 million. The vast majority came in a grant of a million restricted stock units worth...
03:12 PM, Jan 10, 2012
New Delhi: India Inc is among the world's lowest paying employers in the IT space, with their mid-to-senior level staff getting an average salary of USD 36,120 (about Rs 18.5 lakh) per annum - less than one-fourth of the IT pay package at globally top-paying Swiss companies. The IT sector salaries are highest in the world in Switzerland at an average of USD 167,890 (about Rs 87 lakh) per annum,...
05:49 PM, Nov 25, 2011
New Delhi: The Supreme Court on Wednesday said the central government can take a decision on implementing the Majithia wage board recommendations for working journalists and non-journalists of newspapers, agencies and visual media. The apex court bench of Justice Dalveer Bhandari and Justice Deepak Verma gave the ruling when the centre said it was not able to take a decision on the recommendations as the matter was pending before the...
10:27 AM, Sep 22, 2011
New Delhi: Mobile handset manufacturer Nokia has come in for adverse notice, with an independent research report saying employees at its manufacturing plant in Chennai are being paid low salaries, a contention rejected by the Finnish major. The observation is part of the report prepared by 'Finnwatch', which is aimed at understanding unionisation and precarious employment conditions in the mobile phone factories of Nokia, Salcomp, Flextronics and Foxconn in Sriperumbudur,...
09:34 AM, Sep 19, 2011
New Delhi: The entry of foreign studios and availability of multiple financing options have built up unrealistic expectations, especially with regard to actors' salaries, whistleblower WikiLeaks said in a leaked cable recently made public. The February, 2010 cable with the subject 'can the Indian film industry go global?' is a detailed trade analysis of the risks and scope of the worlds largest film industry and explores the changing dynamics of...
05:25 PM, Sep 07, 2011
New Delhi: Prime Minister Manmohan Singh on Wednesday promised that wages and appropriate perks would be paid to Air India employees at the earliest after the financial problems of the ailing carrier found a resonance in Lok Sabha with members raising concern over non-payment of salaries. It is an open secret that Air India is in "serious difficulty", Singh said, adding that the government has formed a Group of Ministers...
01:22 PM, Aug 03, 2011
Mumbai: With the strike by Air India pilots entering the fifth day on Sunday, the national carrier has decided to put into operation nine wide-bodied aircraft, besides a few domestic operations to transport stranded passengers from the city airports. The airline will be operating four Boeing 777's between Mumbai-Ahmedabad-Delhi-Mumbai (two services), Mumbai-Delhi-Mumbai, and Mumbai-Jeddah-Mumbai, an Air India spokesperson said. It will also operate a Boeing 747 Jumbo between Mumbai-Dubai-Delhi-Mumbai. The...
12:30 PM, May 01, 2011
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