News: Jet Airways staff to meet COO over delayed salaries

Compensation & Benefits

Jet Airways staff to meet COO over delayed salaries

Salary payments at the Naresh Goyal-run Jet Airways continue to be delayed despite the Rs 2,060-crore infusion by Etihad, and the issue would be raised at the meeting of the staff representatives and chief operating officer Hameed Ali this week, sources said. The meeting is scheduled for May 28. The company, which reported a loss of Rs 268 crore in the December quarter, is set to declare its March quarter and full fiscal financial numbers later this week. “Earlier the company used to pay salary on the last day of the month. Then the payment date was rescheduled to 7th of every month and thereafter to 15th after the airline was hit by a financial crisis. Unfortunately, this has become a new norm and we are paid around the middle of the month even after the Rs 2,060-crore Etihad deal,” a Jet Airways source told PTI.

Salary payments at the Naresh Goyal-run Jet Airways continue to be delayed despite the Rs 2,060-crore infusion by Etihad, and the issue would be raised at the meeting of the staff representatives and chief operating officer Hameed Ali this week, sources said. The meeting is scheduled for May 28. The company, which reported a loss of Rs 268 crore in the December quarter, is set to declare its March quarter and full fiscal financial numbers later this week. “Earlier the company used to pay salary on the last day of the month. Then the payment date was rescheduled to 7th of every month and thereafter to 15th after the airline was hit by a financial crisis. Unfortunately, this has become a new norm and we are paid around the middle of the month even after the Rs 2,060-crore Etihad deal,” a Jet Airways source told PTI.

Read the Hindu Business Line news report here.

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Topics: Compensation & Benefits, #Current, #Corporate, #TotalRewards

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