No job losses, salary cuts in turnaround plan
The Air India management on Sunday presented a new turnaround proposal before its board of directors, the government and the various employee unions, reports HT Correspondent.Updated: Jul 26, 2010 00:37 IST
The Air India management on Sunday presented a new turnaround proposal before its board of directors, the government and the various employee unions.
Addressing a press conference, the Union Civil Aviation Minister Praful Patel said the government and the board is convinced that the proposal will scale satisfactory results as the unions have committed to wholeheartedly support the proposal.
Patel added there were no plans to either reduce manpower or slash salaries of around 30,000 employees of the national carrier. “There is no real need to cut manpower or reduce jobs or send people packing home ...that is certainly not the objective,” Patel told reporters.
“Air India has already embarked on a growth path as the previous quarter indicates,” he said.
During the first quarter Air India traffic, passenger and the cargo revenue registered a sharp growth. Despite the decrease in effective fleet strength, the capacity offered remained the same, indicating operational efficiencies.