As the resolution plan of Kalrock-Jalan consortium provides for significant haircut in repaying dues to Jet Airways' staff, a staff association has written to the seven-member monitoring committee seeking a virtual meeting to get clarity over the relief to be provided to the employees under the plan.
Talking to IANS, Jet Aircraft Maintenance Engineers Welfare Association (JAMEWA) President Ashish Mohanty has said that the association first sent a mail seeking a virtual meeting last Monday to the committee, but no response has come so far.
"We have written a mail to the committee for a virtual meeting as employees are not legally sound about this offer. We have also asked our lawyer to go through (the details)," Mohanty said.
"Gratuity and retirement benefit must be there, but nowhere has it been mentioned in this plan."
Mohanty said that if the employees get a meeting with the monitoring committee, the plan, the retirement benefit plans and what lies in the future for the employees can get clarified.
The employees of the grounded airline are unhappy with the relief they are being offered which is heavily slashed down from the actual claims.
The admitted claims of employees stood at around Rs 1,200 crore, while the consortium has proposed Rs 52 crore to settle their claims.
According to employees, the airline owes at least Rs 3 lakh to each employee which may well go up to Rs 85 lakh, while now each employee is being offered a total of around Rs 23,000.
The plan proposes to pay each workman of the corporate debtor Rs 11,000 cash, Rs 5,100 cash as medical expenses reimbursement for the parents of the workmen, Rs 5,100 cash as school fee reimbursement for children of the staff, Rs 1,100 would be paid for stationery for children of the staff and a one-time mobile phone recharge of Rs 500.
This cash payment will be made out of the contingency fund (Rs 8 crore). Additional amounts, if required, will be utilised out of the proceeds of sale of assets received by the corporate debtor.
Now, there is uncertainty among the employees whether to vote in favour of the plan or vote against it and lose whatever relief that is being offered.
As per the resolution plan, the employees and workmen would get the relief on if 95 per cent of them vote in favour of the plan.
According to people in the know, it would be tough to garner the 95 per cent votes.
12/07/21 SME Times
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