The largest private airline of India, Jet Airways has decided to reduce the salaries of company's top executives by 25 per cent. As per company source, the recent decision is taken to control expenses. Earlier the Naresh Goyal-led Jet Airways had failed to offer Diwali bonus to its employees. Under the new move, company's pilots and engineers who are paid a salary of more than 10 lakhs will have to take a pay cut of 20 per cent. On the other hand, the chief executives and operational heads of the company will have to take a 25 per cent pay cut.

 

Apart from these, trainee pilots of the company will not be paid any allowance. However, pilots who come below the Rs 75,000 a month salary bracket will not be included in the recent exercise, informed company source. The new salary structure of Jet Airways will be executed in December this year. The decision of salary cuts was revealed to the media much earlier. Around the last part of October this year, the executive director of Jet Airways, Saroj Datta had informed that the company would do everything to reduce cost, even salary cuts for the top management.

 

The airline company is yet to get back the feed back of its employees regarding the slashing of salaries. Meanwhile, report says that some of the Indian pilots refused to take the pay cut saying that they cannot tolerate this disparity between Indian and foreign pilots. Besides salary cuts, the company has decided not pay for overtime to its pilots from next month. The hotel and entertainment allowances will also be stopped by Jet Airways.