AI signs MoU with employees for payment of interim relief

Mumbai: Cash-strapped Air India, whose management has been considering slashing salaries and allowances of its employees, has signed an MoU with its officers' association to pay interim relief which would put an annual burden of Rs 36 crore.
The company signed an MoU with the Air India Officers Association (AIOA) on Friday for the release of the ad-hoc interim relief for general cadre of officers of NACIL-A effective from April 1, airline sources said today.
The MoU, which has been approved by CMD Arvind Jadhav, entails an interim relief of Rs 10,000-15,000 per month in the productivity-link incentives (PLI) of general category of over 2,200 erstwhile Air India officers.
The agreement has been signed ahead of a case filed by the AIOA in the Mumbai High Court.
30/11/10 PTI/Economic Times

To Read the News in full at Source, Click the Headline

Categories: Air India Dec 2010