Tag: debt
Will Air India staff have to pay Rs 95,000 monthly for...
Air India has been directed by the Government to deduct up to Rs 95,000 per month from the salaries of its employees who have...
Will Twitter deny severance pay to cut costs?
In a bid to cut costs, Twitter has reportedly not paid up the rent for its global offices and its San Francisco headquarters. The...
Pay salaries on 5th of the month: HC tells KSRTC
On 21 June, the Kerala High Court ordered that the salaries of the employees of the Kerala State Road Transport Corporation (KSRTC) should be...
Australia, Spain, Britain to focus on ways to create jobs
The pandemic has led to an economic slump in countries across the globe. Governments worldwide are thinking of ways to tackle rising unemployment and...
59 Air India employees opt for LWP
Post July, when Air India had asked its senior officials to draw a list of employees who may be sent on mandatory leave without...
Air India staff will get 3% shares post disinvestment
Having decided to exit Air India completely, the Government has announced the sale of 100 per cent stake in the airline. Bids have been...
Air India staff unions briefed about divestment process and its consequences
By next month, the Centre will issue the expression of interest EoI for divestment of its stake in the national carrier, Air India. The...
GE to freeze pensions to cut costs and debt
General Electric (GE) recently revealed its plans to freeze pensions for almost 20,000 salaried American employees and also take other necessary steps to reduce...
Air India faces crisis, incapable of paying salaries after October
Air India will soon run out of funds to pay salaries to its employees beyond October. Not only are the salaries being delayed regularly,...
Pilots of cash-strapped Jet Airways to take a final call
Jet Airways’ pilots are expected to take a final call soon, if the cash-strapped Airline is unable to pay the partial salary that it...
Jet Airways seeks more time for September salary payment
Jet Airways has requested more time from its employees for payment of salaries for the month of September. However, it has assured the employees...