At least 95% Jet-I staffers must okay package offered by Jalan-Kalrock or lose this too
NEW DELHI: At least 95% of Jet Airways-I employees need to vote in favour of the package offered to them in the NCLT-approved Jalan-Kalrock revival plan for the airline or lose out the same.
A five-page form has been sent to employees outlining what all they would be entitled to — including a cash payment of Rs 11,000 to Rs 22,800 to each Jet-1 employee — and they have to vote from Monday (July 5) till August 4, 2021, “for ascertaining the approval or rejection of the consortium’s proposal.”
“The consortium’s proposal (for Jet-I employees) is valid only if at least 95% of employees and workmen of Jet-1 vote in favour of it,” it says. The revival plan sees everyone, employees and financial creditors included, taking a huge haircut.
