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New Delhi, Dec. 2 In an effort to further cut costs, the top management of Jet Airways has taken a voluntary pay cut of 25 per cent in its salaries, while all employees earning a gross monthly packet of Rs 75,000 have been requested to go in for a graduated wage cut over the 12 months.

In a statement, the airline has said for pilots it will be in the form of a combination of wage cuts and allowance rationalisation, which will bring the contribution of pilots in line with the other employees of the company.

The airline has already introduced a slew of measures to reduce costs, including rationalising its route network, cutting down on frequency and capacity in line with demand.

It was also working on pruning down long-haul expansion plans, renegotiating contracts and payment schedules with its vendors, pushing back new aircraft deliveries, leasing out surplus aircraft and letting go of excess foreign pilots in accordance with the terms of their contract.

More Stories on : Airlines | Jet Airways (India) Ltd

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