The Jalan-Kalrock consortium (JKC) has sent 10 per cent of the employees of Jet Airways on leave without pay (LWP) and reduced the salaries of another 23 per cent to cut cost as it waits for the airline’s handover under the ongoing process in the National Company Law Tribunal (NCLT).
Sources said a section of mid- and senior-level employees had been asked to work for a “reduced number of hours” at salaries reduced by up to 50 per cent. Employees in lower grades, cabin crew members, and pilots have not been affected, they said.
The airline, which wanted to resume flights by October, has about 250 employees on its rolls.
