Air India Senior Executives to forego salary
22-Jun-2009 |
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Mr Arvind Jadhav, Chairman and Managing Director, Air India, has in a communication addressed to Corporate Directors, SBU Heads, Executive Directors and General Managers today, voiced concern over the financial situation of the Company. He has said that the top management needs to indicate to all employees in the organization that every single paisa which can be saved needs to be saved.
As a gesture to ease the liquidity crunch faced by the airline, Mr Jadhav has requested all Executives in the level of General Managers and above to voluntarily forego salary and Productivity Linked Incentive payable in the month of Jul-2009.Air India had, earlier this month, decided to defer the salary and PLI of all employees for the month of Jun-2009 by 15 days.
(c) Centre for Asia Pacific Aviation. Date posted: 22-Jun-09
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Air India Senior Executives to forego salary 
