{"id":537040,"date":"2022-11-19T11:31:22","date_gmt":"2022-11-19T06:01:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=537040"},"modified":"2022-11-19T11:31:22","modified_gmt":"2022-11-19T06:01:22","slug":"jet-airways-to-send-many-employees-on-leave-without-pay-enforce-salary-cuts-for-some","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-airways-to-send-many-employees-on-leave-without-pay-enforce-salary-cuts-for-some\/","title":{"rendered":"Jet Airways to send many employees on leave without pay, enforce salary cuts for some"},"content":{"rendered":"<p>NEW DELHI: About \u201cone-third\u201d of the stalled Jet Airways 2.0\u2019s 230 employees (about 70) will be sent on leave without pay or face salary cuts of upto 50% starting December 1, 2022.<\/p>\n<p>The Jalan Kalrock Consortium (JKC), that had won the bid to revive the grounded airline under India\u2019s bankruptcy law, is yet to make that happen due to disagreement over who \u2014 lenders or the consortia \u2014 needs to share past financial liabilities to different stakeholders including Jet 1.0 employees. And now the consortium\u2019s ability or intention to raise and infuse funds required for the airline\u2019s revival is increasingly being questioned by the affected employees.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: About \u201cone-third\u201d of the stalled Jet Airways 2.0\u2019s 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\u2019s bankruptcy law, is yet to make that happen due to disagreement over who \u2014 lenders or the consortia \u2014 needs to share past financial liabilities to different stakeholders including Jet 1.0 employees. And now the consortium\u2019s ability or intention to raise and infuse funds required for the airline\u2019s revival is increasingly [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-537040","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/537040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=537040"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/537040\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=537040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=537040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=537040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}