News: I don't have money to pay salary dues, Mallya tells KFA staff

Compensation & Benefits

I don't have money to pay salary dues, Mallya tells KFA staff

Vijay Mallya, chairman of the grounded Kingfisher Airlines Ltd, didn’t give a firm commitment or any timeframe on clearing salary dues to airline staff, citing legal barriers, after a two-hour meeting with protesting employees, according to airline executives, Mint reported.

Vijay Mallya, chairman of the grounded Kingfisher Airlines Ltd, didn’t give a firm commitment or any timeframe on clearing salary dues to airline staff, citing legal barriers, after a two-hour meeting with protesting employees, according to airline executives, Mint reported.

Mallya, who met 15 employee representatives on Friday at his residence before leaving for the Formula 1 race in Montreal, told employees that his hands were tied.

The Karnataka high court has barred the group from spending any money until the court gives its final judgement on a winding-up petition filed by lenders, said one of the executives cited above, declining to be identified.

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Topics: Compensation & Benefits, #Updates, #TotalRewards

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