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Rediff.com  » Business » Air India to cut employee cost by Rs 500 cr
This article was first published 15 years ago

Air India to cut employee cost by Rs 500 cr

June 22, 2009 19:46 IST
Image: Air India to cut employee cost by Rs 500 cr

Air India is working on plans to reduce its expenditure on employees by Rs 500 crore (Rs 5 billion) per annum. A newly formed committee is re-examining wage and other agreements in consultation with the unions.

The cash-strapped airline's employee cost is currently over Rs 3,000 crore (Rs 30 billion) annually.

At present, the merged carrier has around 31,000 employees.

Source: ANI