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Air India backtracks, won't pay salaries on July 3
Thursday, 02 July 2009, 20:28 Hrs
New Delhi: The Air India management Thursday backtracked on its commitment to the employees' union to pay staff salaries by July 3, pushing employees to threaten again that they would go on strike from Friday.
Yielding to pressure from its employees, the cash-strapped national carrier had June 29 said it would pay the June salaries July 3, instead of July 15 as had been decided earlier.
Undeterred by the strike threat, Air India has said it would deal with the situation. "We are working it out. We cannot be held at ransom," a spokesperson told IANS.
A senior member of the Air Corp Employees' Union (ACEU) - the largest union in the company with over 23,000 members from the 31,000 employees with the carrier - said the carrier's staff would go on strike from Friday.
Air India is in a financial mess having incurred a loss of
4,000 crore last fiscal.
Civil Aviation Minister Praful Patel has approached Prime Minister Manmohan Singh for a10,000-crore (about $2-billion) bailout package for the beleaguered carrier.
The prime minister in turn suggested that National Aviation Co of India Ltd (NACIL), which owns Air India, take cost-cutting measures to improve its financial condition.
Source: IANS
Yielding to pressure from its employees, the cash-strapped national carrier had June 29 said it would pay the June salaries July 3, instead of July 15 as had been decided earlier.
Undeterred by the strike threat, Air India has said it would deal with the situation. "We are working it out. We cannot be held at ransom," a spokesperson told IANS.
A senior member of the Air Corp Employees' Union (ACEU) - the largest union in the company with over 23,000 members from the 31,000 employees with the carrier - said the carrier's staff would go on strike from Friday.
Air India is in a financial mess having incurred a loss of
4,000 crore last fiscal.Civil Aviation Minister Praful Patel has approached Prime Minister Manmohan Singh for a
10,000-crore (about $2-billion) bailout package for the beleaguered carrier.The prime minister in turn suggested that National Aviation Co of India Ltd (NACIL), which owns Air India, take cost-cutting measures to improve its financial condition.
Source: IANS
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Reader's comments (2)
1: Air India is living on tax payer money and
the govt has no business to run it if it is
not going to be profitable. Any private
sector company which is not profitable is
either sold, or closes shop. Why not Air
India? Why should the tax payer money be used
to pay for inefficient service provider to
continue to bleed? Where is the need for this
loss making airline to buy more aircraft?
No airline company or any other industry should be bailed out with tax payer money. Those who are responsible for its sorry state must be made to pay.
No airline company or any other industry should be bailed out with tax payer money. Those who are responsible for its sorry state must be made to pay.
Posted by: Raj - 03 Jul, 2009
2: This decision by AI is going to further
affect its business, it is going to lose the
trust of lots of people with such moves.
Posted by: Susan - 02 Jul, 2009
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