New Delhi, September 25: Just days after Jet Airways pilots resumed work after going on a strike, about 300 pilots of Air India have decided to strike work from midnight tonight in protest against the decision of airlines to slash incentives by 50%.
Yesterday, Air India Board had approved up to 50 percent cut in the Productivity-Linked Incentives (PLIs) for the airline’s officers and executives.
“Air India has to save Rs 800 crore in a year to get the financial package. Since PLI itself amounts to around Rs 1,500 crore per year by way of reducing it by up to 50 percent, the company will save around Rs 750 crore a year,” sources said earlier in the day.
Air India is seeking a bailout package in the form of equity infusion and soft loan from the government.
–Agencies