The management of
Kingfisher Airlines has expedited the process of convincing its employees to
resume work by considering partial payment of their salaries.
The management is now
willing to pay as the unrest is spilling over to the streets and licence
cancellation is looming large.
The move by the
bankers to release money from an escrow account and the tax authorities’
decision to unfreeze the Kingfisher's accounts have helped the airline mobilise
money to clear employees’ dues.
The UB group, which
has been infusing money everyday into the airline to keep it flying, has also
conserved some cash that could go into clearing large part of the employees’
dues.
“Earlier, the
management was adamant. Now they are asking. We demand our seven-month salary,
but we can still consider joining work if the minimum four months’ salary gets
credited on Monday,” said a striking employee.
The monthly wage bill
for 4,000 employees is around Rs.30 crore.
No protests
On Saturday, there was
no protest as both parties were inching towards a settlement.
Employees are anxious
as the airline’s Chairman Vijay Mallya is expected to arrive in India to take
stock of the situation.
http://www.thehindu.com/todays-paper/tp-business/kingfisher-gears-up-to-resolve-crisis/article3973547.ece
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