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.