Air India on Friday requested its top management and senior officials to voluntarily forego their salary and productivity-linked incentives for July to help the cash-strapped and crisis-ridden airline.
Air India CMD Arvind Jadhav requested all executives in the level of general managers and above to voluntarily forego salaries and incentives for July as a gesture to ease the liquidity crunch faced by the airline, an Air India spokesperson said.
The airline is facing a possible industrial unrest with employees threatening agitation in case their June salary is not given by this month-end.
Jadhav's request is applicable to all senior employees of Air India, its subsidiaries and those on deputation and on contract.
Jadhav in a communique addressed to corporate directors, heads of strategic business units, executive directors and general manages today voiced concern over the financial situation of the company.
He asked the top management to indicate to all employees of the organisation that every single paisa that can saved needs to be saved.