Friday, August 18, 2006

A-I to give Rs 100-cr salary hike

Mumbai: Air India is planning a 20% salary hike for its 5,500 employees—including 650 pilots, 2,000 cabin crew and aircraft maintenance engineers—with retrospective effect from 1997. These employees will get their last 10 years’ arrears in January, 2007. The bonanza will increase A-I’s annual wage bill by Rs 100 crore to Rs 1,000 crore.
The decision will be in step with the employees’ charter of demands, which had been pending since 1997 because the last wage revision agreement expired on December 31, 1996. Although the carrier’s wage bill reflected a provision for a salary hike, the raise has not been passed on to employees. This will mean that from January 2007, employees will get a 20% hike in salaries plus the arrears since 1997.
18/08/06 Neelasri Barman & Sagar Malviya/Financial Express
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