Wednesday, September 26, 2018

Jet defaults on salary payment to its employees again

Jet Airways has defaulted on salary payments again. The cash-strapped airline on Wednesday sought over 10 more days from its employees to pay balance 25 per cent of their salaries for August.
Jet Airways had paid 50 per cent of August salaries to its employees on September 11 and the rest was to be paid on Wednesday. But it could pay only half of the balance amount.
“Jet Airways has today remitted half of the second instalment of pending emoluments of its pilots, AMEs and senior management for August 2018,” the airline said in a statement on Wednesday. “The airline has also communicated a revised date of payment to the concerned employees and stands committed to honour its obligations,” it said.
“While the management regrets the attendant inconvenience, it also appreciates the continued support and understanding of its employees,” the airline said.
26/09/18 Mihir Mishra/Times of India

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