Though Air India has seen brisk business being the single airline flying both domestic and international passengers (under Vande Bharat Mission), the airline is not in a good cash flow position, the latest move of the carrier says. Air India on Friday introduced a “shorter working week scheme” under which its permanent employees, except pilots and cabin crew members, can opt to work for three days a week at 60 per cent salary, said senior airline officials.
This measure has been introduced in order to improve the airline’s cash flow position amid the coronavirus pandemic, they added. “The permanent employee who opts for such a scheme can avail this for a period of one year,” the officials said.
The pandemic has impacted the aviation industry significantly, and all airlines in India have taken steps like cutting salaries of employees, firing employees to improve their cash flow. Some airlines rolled back their salary cut decision after Prime Minister Narendra Modi urged private employers to not take harsh measures on their employees.
Air India officials said that the employees opting for the “shorter working week scheme” would not have the option to take any other employment during the remaining days of the week.
20/06/20 India.com
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This measure has been introduced in order to improve the airline’s cash flow position amid the coronavirus pandemic, they added. “The permanent employee who opts for such a scheme can avail this for a period of one year,” the officials said.
The pandemic has impacted the aviation industry significantly, and all airlines in India have taken steps like cutting salaries of employees, firing employees to improve their cash flow. Some airlines rolled back their salary cut decision after Prime Minister Narendra Modi urged private employers to not take harsh measures on their employees.
Air India officials said that the employees opting for the “shorter working week scheme” would not have the option to take any other employment during the remaining days of the week.
20/06/20 India.com
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