Tuesday, 25 September 2012

Air India staff to get July salary by Thursday

New Delhi, Sept 25:  
Air India employees will get their July salaries by Thursday, a statement issued by the Ministry of Civil Aviation said on Tuesday. In addition, the August salaries of the non-licensed category of employees, who constitute almost 92 per cent of the airline’s workforce, will be paid by this Saturday, the statement added. Almost a third of the Rs 3,000-crore annual salary bill of the airline goes towards settling wage claims of the licensed category of employees, who are the other eight per cent of Air India’s staff. The airline will pay the productivity-linked incentives for its licensed category of employees for May this year. This will entail an overall expenditure of Rs 230 crore. Pilots and engineers are part of the licensed category of Air India employees, and productivity-linked incentives form almost 70-75 per cent of their monthly salaries.
http://www.thehindubusinessline.com/todays-paper/tp-economy/article3936251.ece

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