Air India cuts employee incentive pay by up to 50% | india | Hindustan Times
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Air India cuts employee incentive pay by up to 50%

State-run Air India will cut productivity-linked incentives (PLI) payable to its employees by up to 50 percent, in a cost cutting measure affecting over 7,000 of its employees.

india Updated: Sep 24, 2009 10:39 IST

State-run Air India will cut productivity-linked incentives (PLI) payable to its employees by up to 50 percent, in a cost cutting measure affecting over 7,000 of its employees.

The incentive pay cut is applicable to all officers, including top management, and will range from 25 percent, for those getting PLI of 10,000 rupees or less a month, to 50 per cent for those getting incentives of at least 200,000 rupees a month, it said in a statement late on Wednesday.

The cut will be effective from PLI payable in August 2009 onwards.

Air India has been struggling after it posted an $875 million loss in the fiscal year ended March and has sought a government bailout.