Business Daily from THE HINDU group of publications
Thursday, June 25, 2009
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Business Daily from THE HINDU group of publications Thursday, June 25, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Update at 1715 hrs (IST)
Logistics Air India employees decline to renegotiate wage cuts MUMBAI: Hardening their stand, Air India unions on Thursday said they were not willing to renegotiate on the proposed wage cut by the management. “We have told the management that we will not renegotiate on their proposal for a pay cut to NACIL employees,” a NACIL (National Aviation Company of India Ltd) union leader said. Unions have also demanded a re-look by the management into the company's new aircraft acquisition policy as it has substantially contributed to the air carrier's present financial turmoil, he said. NACIL is the holding company of the state-run airline and was formed after the merger of Air India and Indian Airlines. A meeting between the NACIL management and various employees' union in the company is underway. “The management on its part apprised us of the present situation in the company. We feel the employees are not responsible for the liquidity crunch in the company, which the management is talking about,” he said. “We have also told the management that it should reduce the number of executive directors in the company and also recall all those executive directors posted abroad,” he added. - PTI
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