: Air India may cut salaries by 5%, amid coronavirus concerns #FinanceIndia #StockMarketNEWS #Business Mumbai: Government-owned Air India may cut salary of employees by 5 per cent amid its growing
@StockMarketNEWS Sat 21 Mar, 2020
Air India may cut salaries by 5%, amid coronavirus concerns #FinanceIndia #StockMarketNEWS #Business
Mumbai: Government-owned Air India may cut salary of employees by 5 per cent amid its growing financial woes particularly in the wake of the coronavirus pandemic, which has nearly grounded its entire international operations, sources said.
The reduction will be across the board, they say.
The loss-making
airline, which is in the process of a second attempt of privatization
after failing to get a single buyer nearly two years ago, has
already taken some steps such as reduced flying allowances to cabin crew besides
withdrawing entertainment allowance to executive pilots, among others.
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