Kingfisher cuts pilots' salaries by Rs 80,000
Moving quietly, private air-carrier, Kingfisher Airlines, has effected a Rs 80,000 cut in the salaries of all its pilots. Top 10 scariest runways I How to stay afloat in your job
"Earlier, we were being paid a salary of Rs 4.30-lakh per month. Now it has been cut to Rs 3.50-lakh, all in the name of integration (with the erstwhile Deccan)," a Kingfisher pilot told PTI here on condition of anonymity.
The salary package is mainly based on the flying hours of about 70-hours, he said, adding that "the whole package has been revised downwards in the name of bringing parity with the erstwhile Deccan pilots."
The pay-cut, effective for sometime now, is understood to have given rise to resentment and heartburn in Kingfisher's pilot community.
A spokesperson of the Vijay Mallya-led airline confirmed the pay-cuts but said that it was the result of a move "towards a productivity-linked compensation structure, which is the international norm."
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.