Monday, May 01, 2017

Jet Airways to review pilots’ pay hike freeze after Q1 results

Jet Airways has told pilots that the freeze on pay hikes would be reviewed after declaring the first quarter results and urged them to make “personal sacrifices” amid business headwinds.
Faced with financial challenges and intense competition, the full service carrier recently decided to freeze the increments for the staff in the current fiscal year — which it had done in 2016-17 too.
Pilots have been having differences with the airline management on certain issues, including those related to expat pilots.
The carrier has around 1,500 pilots.
In a communication to the pilots, Jet Airways said continued efforts are being taken to improve the over-all performance, processes and trim costs. As a result, the operations management team has been restructured and work force has been rationalised.
“This has begun to yield results and we need to sustain fully this momentum. To this, we need to make some personal sacrifices.
“We therefore, appeal to you, to share a part of the burden. As a result, we will take an increment freeze for the present, which will be reviewed post declaration of the first quarter results of FY 2017-18,” the communication said.
30/04/17 Indian Express