Jet Airways to send many employees on leave without pay, enforce salary cuts for some
NEW DELHI: About “one-third” of the stalled Jet Airways 2.0’s 230 employees (about 70) will be sent on leave without pay or face salary cuts of upto 50% starting December 1, 2022.
The Jalan Kalrock Consortium (JKC), that had won the bid to revive the grounded airline under India’s bankruptcy law, is yet to make that happen due to disagreement over who — lenders or the consortia — needs to share past financial liabilities to different stakeholders including Jet 1.0 employees. And now the consortium’s ability or intention to raise and infuse funds required for the airline’s revival is increasingly being questioned by the affected employees.
