Jet rolls back salary cut, perks set to be restored

New Delhi: Jet Airways, India’s biggest airline in terms of the number of passengers carried, has decided to roll back the salary cut of its over 10,000 employees completely from this month. A rollback of the cut in perks (benefits that an employee gets besides the monthly salary) is also likely in the near future.
The airline had done a partial rollback of the pay cuts in July last year, after the sector witnessed an improvement.
“Our salaries will be fully restored to pre-recession levels from January this year. Our salaries had been cut in December 2008; however, it was partially rolled back in July 2010,” said a Jet Airways Executive, who did not want to be identified.
After the recession in 2008, the airline had cut salaries of its employees by up to 25 per cent, in which employees with the highest salaries had got a greater deduction.
The executive added that the negotiation over rolling back cut in the perks was on, and a meeting on that would be held on January 3. Post the economic slowdown, the airline had downgraded the hotel-stay entitlement from five-star to lower-category hotels. “Even if we stay in a good hotel, the packages that we can avail of are the cheaper ones, providing fewer facilities. And a cabin crew member or a pilot needs complete rest in order to resume work efficiently in the subsequent flight,” said the executive.
02/01/11 Mihir Mishra/Business Standard

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Categories: Jet Airways Jan 2011