Jet Airways Chairman, Naresh Goyal conveyed to some of the employees that the airline has shelved the proposal for an up to 25 percent cut in salaries of its non-management staff.
It was last week that Jet Airways had informed its staff about the salary cut. Pertaining to bad financial health and rising crude prices along with falling rupee, the airline told its staff that there will be a salary cut between 5 percent and 25 percent across the board. Reportedly, the move was aimed at reducing the cost to tide over the present financial crisis.
This is not the first time that the staff of Mumbai-based airlines has faced troubles with their salary. Earlier in March this year, Jet Airways employees' had witnessed a delay in salary for the month of March. At that time Jet had t intimated its employees that due to certain circumstances, which are beyond the company’s control, the salary of March 2018 is postponed. Pilots, engineers and all managers and above level staff were paid March salary on April 10.
Now this time, as per report the Jet Airways’ top management has already taken a salary cut.
However, the protest done by the staff including pilots and commanders ensured no pay cuts for the non-management staff.
Reportedly, Jet is not the only carrier to be affected by adverse industry circumstances. Even IndiGo has reported a 97 percent drop in profits for the first quarter of this fiscal.