On February 27, 2015 17:42 (IST)
Sahara's long-drawn dispute with the Securities and Exchange Board of India (Sebi) over investor repayments has begun to take its toll on salaries of the group's employees, which are getting delayed amid a major liquidity crunch.
On February 02, 2015 23:51 (IST)
With employees found responsible for up to 15 per cent of Air India's flight delays, the airline has been directed by the government to penalise them by cutting salaries in a bid to fix accountability.
On August 19, 2014 09:51 (IST)
The British government has brought in laws to curb executive pay and bonuses since the financial crisis, but a severe squeeze on wage growth has fuelled public anger about highly-paid senior executives.
On May 25, 2014 20:25 (IST)
Salary payments at the Naresh Goyal-run Jet Airways continue to be delayed despite the Rs 2,060 crore infusion by Etihad, and the issue would be raised at the meeting of the staff representatives and chief operating officer Hameed Ali this week, acco...
On March 31, 2014 21:03 (IST)
Under pressure from a long-running investor refund battle with market regulator Securities and Exchange Board of India (Sebi), the Sahara group has informed its staff that their salaries may get delayed due to the prevailing adverse situation, accord...
On February 10, 2014 15:17 (IST)
As public sector bank employees started a two-day strike today seeking higher wages, Finance Minister P Chidambaram said the profit of banks cannot be used only to enhance salaries because there are other obligations.
On January 02, 2014 19:20 (IST)
Besides non-payment of salaries, the Vijay Mallya-owned private carrier, which stopped operations in October 2012, has defaulted on payment of loans worth over Rs 7,200 crore, secured mainly from the public sector banks.
On December 29, 2013 15:13 (IST)
Grounded carrier Kingfisher Airlines' employees, who have not been paid their salaries for the past 17 months, have said they will seek help from Delhi Chief Minister Arvind Kejriwal in getting their dues.
On June 07, 2013 23:39 (IST)
The employees of the grounded Kingfisher Airlines, who were on a hunger strike, called it off late on Friday though airline chairman Vijay Mallya reportedly expressed inability to pay salary arrears.
On June 07, 2013 21:27 (IST)
The employees of the grounded airline have been on a hunger-strike since yesterday at the Kingfisher House seeking salaries which have not been paid since last August.
On May 24, 2013 17:13 (IST)
Of the Rs 6,000 crore received in 2012-13, the airline spent Rs 1,803 crore on pending staff salaries, paid off Rs 1,253 crore as jet fuel dues to oil marketing companies and Rs 1,100 crore as loan and interest payments for aircraft acquired, officia...
On April 03, 2013 08:04 (IST)
Kingfisher Airlines has paid its staff salaries for June and July 2012, a company spokesman said on Tuesday.
On December 26, 2012 17:06 (IST)
The ministry of corporate affairs wants companies to disclose the remuneration paid to promoters and CEOs in perspective of their median staff salary. The move comes amid a growing perception that India Inc. is doling out huge pay packages to the top...
On December 26, 2012 15:30 (IST)
Amid a growing perception about India Inc doling out huge pay packages to the top management, the government wants the companies to disclose the remuneration paid to promoters and CEOs in perspective of their median staff salary.
On November 16, 2012 19:32 (IST)
The move comes after the airlines staff earlier this week said that it will chalk out an action plan if it does not get the salary for May till November 17.
On November 13, 2012 19:52 (IST)
Employees of the grounded Kingfisher Airlines have not received their salaries for May despite a commitment from the management, sources said. Kingfisher Airline had last month agreed to return to work after a 26-day deadlock as the airline had agree...
On October 26, 2012 19:52 (IST)
Kingfisher Airlines has reportedly told the civil aviation regulator, Directorate General of Civil Aviation (DGCA), that it is ready to fly the moment the suspension of its flying licence is revoked. The airline, which agreed this week to pay overdue...
On October 25, 2012 18:25 (IST)
Kingfisher Airlines' pilots and engineers agreed to the managements offer of a staggered payment of three months salaries before Diwali, and are joining work today, sources said. The staff will get paid March salary within the next 24 hours and Apri...
On October 23, 2012 10:58 (IST)
For the first time since Kingfisher Airlines was grounded, the management has made an offer that at least some employees are willing to consider. It has said it will pay 3 months' salary, in a staggered manner before Diwali, and the offer has reporte...
On October 19, 2012 19:14 (IST)
The airlines staff has been on strike since September 30 over non-payment of salaries and other dues, and have been insisting that they would resume work only after all dues are paid and assurances are given that salaries would be paid on time.