Air India asks senior staff to forego July pay to cut costs

Air India asks senior staff to forego July pay to cut costs
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First Published: Fri, Jun 19 2009. 05 06 PM IST
Updated: Fri, Jun 19 2009. 05 06 PM IST
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.
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First Published: Fri, Jun 19 2009. 05 06 PM IST
More Topics: Aviation | Air India | Paycut | Salary | Cost-cutting |