AI board approves 50% PLI cut

MUMBAI: The Air India board, on Wednesday, approved a 25-50% cut in its productivity-linked incentive (PLI) for over 7,000 employees. In a statement, the airline said the board accepted the recommendations of the committee headed by Anup Srivastava, director (personnel), to review the PLI for its employees. The cut will be effective for PLI payable in August 2009.

���The cut, applicable to all officers, including top management personnel, in various management disciplines, will range from 25% for those getting PLI of Rs 10,000 or less per month and 50% for those receiving PLI or flying-related allowances of Rs 2 lakh or more per month,��� said the statement. It added that the cut for those receiving PLI of Rs 10,001 to Rs 25,000 will be 35%, while it will be 40% for those in the Rs 25,001-Rs 50,000 bracket. For those receiving Rs 50,001-Rs 2 lakh, the extent of the cut will be 45%.

The board meet to take a decision on PLI was scheduled for last Thursday, but was then deferred after stiff resistance by the airline���s unions.