Friday, January 10, 2020

Cash strapped Air India delays salaries for 5th month

New Delhi: This is the fifth consecutive month that the Indian national carrier has failed to pay salaries to its employees on time. Generally, the airline disburses salaries by the 30th or the 31st of every month.
Debt-ridden Air India, which has not paid salaries to its employees for the month of July, on Friday said it is making 'all efforts' to disburse them by this week. The salaries have been delayed due to the reasons beyond the airline's control, it said in a communication to its staff.
This is the fifth consecutive month that the national carrier has failed to pay salaries to its employees on time. There were delays in payments in March, April, May and June as well.
'We regret to inform the delay in payment of salaries for the month of July due to circumstances beyond the control of the management,' said Air India general manager for human resources.
The national carrier, which is facing acute financial crunch, is set to get an additional funding of Rs 980 crore from the government. Air India has more than 11,000 permanent staff.
09/01/20 MENAFN

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

0 comments:

Post a Comment