Jet Airways aborts salary cut plan of non-management employees
Domestic airline Jet Airways has finally aborted its plan for a 25 percent pay cut of non-management staff after employees protested against the move.
Domestic airline Jet Airways has finally aborted its plan for a 25 percent pay cut of non-management staff after employees protested against the move. The airline has reportedly credited salaries of the employees already for July. Top management of the company has, however, taken a pay cut already, said an Economic Times report.
Jet Airways Chairman Naresh Goyal has reportedly assured the employee on Friday that there will be no salary cut. Goyal also has sought help from the staff in salvaging the airline’s image that has taken a beating after media reports on pay cuts, ET reported.
The salaries were put on hold because the management had expected to convince employees to take a cut, the report said, citing a company executive who did not want to be identified. Goyal reportedly assured employees that the airline was well placed to encash on the growth of Indian aviation market. Jet pilots’ association, National Aviators Guild (NAG), issued a statement asking its members to support the airline in these difficult times after the meeting on Friday.
“Most of us have been loyal employees of Jet Airways and it would be a matter of pride to be a part of ensuring that it maintains its position as India’s premier airline, here and abroad," the NAG statement said. "We look forward to a long and continued relationship with the company and are confident of the airline’s sustainability in short as well as the long term. We advise members to help us achieve our common goals.”
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The airline reportedly blames rising crude prices and falling rupee for its financial woes. Last week, Jet Airways asked its employees to take a salary cut between 5 percent and 25 percent across the board. Jet Airways incurred losses of about Rs 767 crore in FY2018. IndiGo also reported a 97 percent drop in profits for the first quarter of this fiscal, the ET added.