Jet Airways Employees To Face Salary Cuts, Leave Without Pay: Report
NDTV
The insolvency resolution process of Jet Airways started in June 2019 after its then-promoters failed to provide liquidity.
Jet Airways will send nearly one-third of its employees on leave without pay or slash their salaries by up to 50%, reported The Times of India quoting sources.
The carrier, which suspended operations in 2019 and remained grounded for three years, was granted licence to resume commercial flights by the Directorate General of Civil Aviation (DGCA) in May this year.According to some employees of the airline, the 50% salary cuts will start taking effect from December 1.
The airline management, meanwhile, said that two-thirds of the staff will not be impacted by the move. For the remaining one-third of the employees, it added, their pay will be reduced temporarily.
The management said that only a small portion of the staff will be given leave without pay and that no employee was being laid off, the report added.
