News: Kingfisher staff find it difficult to meet ends

Compensation & Benefits

Kingfisher staff find it difficult to meet ends

Vijay Mallya said that he has presented three separate revival plans for Kingfisher Airlines to the regulator. News reports reveal that the staff on Kingfisher’s rolls, however, are finding it difficult to meet ends and the company owes 220 crores in salaries to its employees. In the last 12 months, almost all of the airline's planes, mostly leased, have been repossessed by the lessors.

Vijay Mallya said that he has presented three separate revival plans for Kingfisher Airlines to the regulator. News reports reveal that the staff on Kingfisher’s rolls, however, are finding it difficult to meet ends and the company owes 220 crores in salaries to its employees. In the last 12 months, almost all of the airline's planes, mostly leased, have been repossessed by the lessors.

Read the Economic Times news report here.

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

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