Air India started restoring salaries to the pre-pandemic level in a phased manner
Air India started restoring salaries to the pre-pandemic level in a phased manner
Air India will restore salaries that were cut in the wake of the coronavirus pandemic from September 1, according to a communication.
The loss-making airline, which was taken over by Tatas in January this year, has also decided to revise crew layover allowances and meal arrangements from September 1.
In the communication to the employees, Air India CEO and Managing Director Campbell Wilson said the airline “will be restoring the salary reduction for all employees with effect from September 1, 2022.”
While the airline has much to do to return to profitability, “sunsetting most of the COVID measures is an important and welcome milestone”, he said.
Earlier this year, Air India started restoring salaries to the pre-pandemic level in a phased manner.
Queries sent to Air India remained unanswered.
The coronavirus pandemic had significantly impacted the airline industry, and the operators had resorted to cost-cutting measures, including salary reductions, to manage their financials.
Tatas took over ₹15,300 crore of debt of Air India and Air India Express Ltd while the remaining ₹46,262 crore loan plus an outstanding of about Rs 15,000 crore towards unpaid fuel bills were paid off by the government.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
