Air India to give August incentive to employees

New Delhi/Mumbai: National carrier Air India on Wednesday said it will release the productivity-linked incentive (PLI) component of its employees' salary for August on December 5.
The PLI constitutes nearly 50 per cent to 60 per cent of the salary of nearly 40,000 employees of the airline.
The PLI was stopped since August due to financial constraints faced by the company.
Air India's general manager for finance HJ Mehtaji on Wednesday said in a letter to the employees, "It has been decided to release PLI payable in August 2011 on December 5."
"The delay was due to repayment of aircraft loans, interest on working capital to banks and other overdue vendor payments," he said.
A senior Air India official told that it was about time that the company paid up as employee morale was very low.
"Prices of everything are so high and in this environment functioning with only half or less than that of the salary is very difficult. This (news) should cheer up the employees whose morale is very low at the moment," the official told.
Earlier, one of the airlines' pilot unions had threatened to go on a strike if their interim settlements are not paid up.
01/12/11 IANS/IBN Live

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

Categories: Air India Dec 2011