Air India Won't Give Profit Linked Incentive To Employees
Seven years after the merger with Indian Airlines, Air India has initiated rationalisation of its employees' salaries with about 3,500 executive cadre employees, who will not get any Performance-linked Incentive (PLI) from October.
PLI has been part of Air India staffers' salaries, which were given to them to bring their salaries at par with remuneration of the aviation sector. A decision to scrap the PLI component was, however, taken after the airline kept incurring huge losses and has now accumulated losses of over Rs 25,000 crore.
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