Sunday, August 14, 2011

After Air India, Kingfisher delays salary payment


After government-owned Air India, Kingfisher Airlines has delayed salaries of its employees. The UB Group-controlled airline has not paid salary for July.

“We have not been paid for July. The management said it does not have the money, and has not given any date for the payment,” said a Kingfisher Airlines executive requesting anonymity.
An airline spokesperson did not respond to phone calls but in a text message said: "Due to the bank strike last week, the salaries could not be processed. This has since been done."
The salaries hadn't come till the report was being filed.
For the last one year, employees have been crediting their salaries on the 7th of every month. Earlier, the company used to pay on the 31st. The airline has a staff strength of 6,000 and spends Rs 58 crore on salaries a month. According to the first quarter financial results, it has Rs 173.66 crore under the employees cost head, which has increased from Rs 163.40 crore during the same quarter last year.
The executive said the airline had not paid the lease rental for three of its aircraft and the leasing company had asked the airline to return these.
Source : Business Standard.

1 comment :

rohan n said...

kingfisher Airlines have delayed the salary for third month consiquitively
as per the mail of Mr Hitesh Patel EVP on 29th july 2009 , salries will never be delayed beyond 7th of month.
Kingfisher Airlines have defaulted on payment of TDS of employee's and deposit of PF to the PF office .

All the information published in this webpage is submitted by users or free to download on the internet. I make no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this page and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. All the other pages you visit through the hyper links may have different privacy policies. If anybody feels that his/her data has been illegally put in this webpage, or if you are the rightful owner of any material and want it removed please email me at "shyamali00@gmail.com" and I will remove it immediately on demand. All the other standard disclaimers also apply.

Blog Archive