rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

Rediff News  All News 
Rediff.com  » Business » Air India to cut employee cost by Rs 500 cr

Air India to cut employee cost by Rs 500 cr

June 22, 2009 19:46 IST

Air India to cut employee cost by Rs 500 cr

Air India is working on plans to reduce its expenditure on employees by Rs 500 crore (Rs 5 billion) per annum. A newly formed committee is re-examining wage and other agreements in consultation with the unions.

The cash-strapped airline's employee cost is currently over Rs 3,000 crore (Rs 30 billion) annually.

At present, the merged carrier has around 31,000 employees.


Image: Air India to cut employee cost by Rs 500 cr

Source: ANI