AIR INDIA ASKS SENIOR STAFF TO FORGO JULY PAY

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AIR INDIA ASKS SENIOR STAFF TO FORGO JULY PAY ……… TO CUT COSTS

NEW DELHI: Air India has asked its senior management to voluntarily forgo 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 manager 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.

PTI:

The airline is facing a possible industrial unrest with employees threatening agitation in case their June salary is not given by this month-end.

Arvind Jadhav's request is applicable to all senior employees of Air India, its subsidiaries and those on deputation and on contract.

Jadhav in a communique addressed to corporate directors, heads of strategic business units, executive directors and general manages today voiced concern over the financial situation of the company.

He asked the top management to indicate to all employees of the organisation that every single paisa that can saved needs to be saved.
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