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NEW DELHI: Jet Airways' pilots, aircraft maintenance engineers (AMEs) and other senior level employees will have to wait longer to get their full salary of August. While the airline had earlier this month told this section of employees that half of their salary will be paid on September 11 and the remaining on 26th, Jet on Wednesday said only half of the second tranch is being paid as per that schedule. The remaining 25% of the salary is being deferred by up to two weeks.
"In our earlier communication we had advised that we shall remit the salary for the month of August 2018 in two instalments. While we have remitted the first instalment, please note that we shall be remitting 50% of the second instalment (Wednesday) and defer the remaining sum to a later date. The company is committed to honour its obligations and shall make every effort to release the remainder by October 9, 2018," Jet's chief people officer Rahul Taneja said in a mail to senior employees.
The airline had on September 6 told senior employees, pilots and AMEs that salary will be paid in two instalments for the next three months. Taneja had at that time told employees that “disbursal of salary for GMs and above, cockpit crew (pilots) and AMEs will be postponed for the month of August 2018, and shall be disbursed in 2 instalments – 50% by September 11 and balance 50% by September 26. For the months of September and October 2018, the same disbursement schedule will be followed.”
The September 6 letter had come after Jet's union of Indian pilots, National Aviators’ Guild (NAG), had objected to the uncertainty over salary payment. The union had also asked for a rollback in some recent expenses cash-strapped Jet has incurred on new appointments.
Jet’s employee remuneration cost was Rs 2,995 crore in the fiscal 2017-18.
“We have recently sent a mail expressing our alarm at the unnecessary increase in expenditure of late…. pilots are being forced to bear the brunt of this financial mismanagement… we demand that all unnecessary positions and committees/groups created in the last three months be dissolved with immediate effect and the hiring of the expensive expats (vis-a-vis Indian national pilots) be stopped forthwith. Further, the request of all pilots who have tendered their resignation and asked for an immediate release be acceded to with immediate effect,” NAG letter said sent last month, warning “not paying the salaries on time would lead to non-cooperation by pilots.”
"In our earlier communication we had advised that we shall remit the salary for the month of August 2018 in two instalments. While we have remitted the first instalment, please note that we shall be remitting 50% of the second instalment (Wednesday) and defer the remaining sum to a later date. The company is committed to honour its obligations and shall make every effort to release the remainder by October 9, 2018," Jet's chief people officer Rahul Taneja said in a mail to senior employees.
"On behalf of our leadership team, I regret this change of plan and the attendant inconvenience this may cause you. All of you have stood by us through thick and thin and we sincerely appreciate your continued understanding," he added.
Jet has been facing a serious cash crunch and is trying to raise funds. It is now under scanner of regulatory agencies like the DGCA and Income Tax.
The airline had on September 6 told senior employees, pilots and AMEs that salary will be paid in two instalments for the next three months. Taneja had at that time told employees that “disbursal of salary for GMs and above, cockpit crew (pilots) and AMEs will be postponed for the month of August 2018, and shall be disbursed in 2 instalments – 50% by September 11 and balance 50% by September 26. For the months of September and October 2018, the same disbursement schedule will be followed.”
The September 6 letter had come after Jet's union of Indian pilots, National Aviators’ Guild (NAG), had objected to the uncertainty over salary payment. The union had also asked for a rollback in some recent expenses cash-strapped Jet has incurred on new appointments.
Jet’s employee remuneration cost was Rs 2,995 crore in the fiscal 2017-18.
“We have recently sent a mail expressing our alarm at the unnecessary increase in expenditure of late…. pilots are being forced to bear the brunt of this financial mismanagement… we demand that all unnecessary positions and committees/groups created in the last three months be dissolved with immediate effect and the hiring of the expensive expats (vis-a-vis Indian national pilots) be stopped forthwith. Further, the request of all pilots who have tendered their resignation and asked for an immediate release be acceded to with immediate effect,” NAG letter said sent last month, warning “not paying the salaries on time would lead to non-cooperation by pilots.”
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