Jet Airways to cut employees’ pay by up to 25%: Report

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The airline has cited increasing the cost of operations due to rising crude oil prices and a falling rupee as a reason for the pay cut.

Starting this month, Salary cuts will range as below:

  • 5 percent   – Earning Rs 12 lakh annually
  • 25 percent – Earning Rs 1 crore and more
  • 17 percent – For Pilots

There’s no timeline as to how long this reduced salary will continue. Also, there’s no clarity on whether there will be a refund of deducted salary at a later stage. All we know is it starts this month for employees starting from managers to the CEO.

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