Mumbai, Nov 24: The unrelenting pilots of Jet Airways on Sunday, outrightly rejected the proposed paycut intiated by the company to overcome the ongoing global economic meltdown. Instead of accepting the salary cut they asked Naresh Goyal, Jet Airways chief to sack the expatriate pilots, whom they accused of having unreasonable salaries.
But Jet has come up with a plan that would help the company to cut the losses in the face of increasing operating costs. As per the plan, the employees who are getting a salary of Rs 5 lakh and above may need to take a 20 per cent salary cut. While those earning 2 lakh and above, have been asked to take a 10 per cent cut. The employees who earn between Rs 75,000 and Rs 2 lakhs will face a pay cut by 5 per cent.
Wolfgang Prock-Schauer, CEO of Jet Airways has voluntarily accepted a pay cut of 20 per cent.