Wednesday, November 18, 2009

Air India to continue with incentives for employees

New Delhi/Mumbai: The National Aviation Co of India Ltd (NACIL) that runs national carrier Air India on Tuesday decided to continue with the present performance linked incentives (PLI) as passenger load has picked up.
"In view of the improved passenger carriage in recent months, we are trying to address the issues concerning the delayed payments of the PLI to our employees," NACIL said in a statement.
"While the delay (in clearing dues) ranged from one to two months, efforts are on to the clear the October PLI soon and in future the delay would not be more than a month," it said.
The airline, which posted a loss of Rs 7,200 crore last fiscal, paid salaries for October but without incentives, which constitute a major chunk of the pay packages of its 31,500 employees.
A PLI cut would have hit the carrier's 1,250 pilots and 7,000 engineers the most, with incentives accounting for about 75 percent of pilots' salaries.
The Indian Commercial Pilots Association (ICPA), which claims to have a membership of over 800, had also threatened to go on strike from Nov 24 if the dues were not cleared.
17/11/09 IANS/Economic Times
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