An article that appeared in the Times of India on 3rd November about salary cuts. Is your job secure enough? If your answer is yes then you are fooling yourself. No one is safe from such things. Salary cuts combined with cost cuts are sucking the motivation out of people. Imagine that you are working without any motivation…what will be your output…in turn if your output is bad what will be the compensation that you will receive…will your job be safe anymore???
Read the following extract and decide for yourself
Salary cuts: Jet pilots say start with expats
Mumbai: Jet Airways warned its pilots union on Saturday that everyone from the CEO downwards would have to take a pay cut if the airline was to stay in business. It said the decision was not open to negotiation. But the union, Society for the Welfare of Indian Pilots (SWIP), says it is unfair to trim their salaries even as Jet pays expatriate pilots double. The union say expat salaries should be trimmed first.

“We have not given any assurance of support or agreed to anything so far. But we did demand that other cost-cutting measures be put in place first. They have told us about the formation of a task force to identify and implement cost-saving steps,” said a source.

The union has asked to meet Jet’s founder-chairman Naresh Goyal to discuss cost-cutting measures. Expat pilots and their high salaries figure on the wishlist.

“No expat pilot has been served a termination notice even though we were given to understand that their exit was imminent in the present circumstances of reducing fleet strength and surplus crew,” says a letter from the SWIP to Jet’s top management. CEO Wolfgang Prock-Schaeur said he could not comment on the issue because “it is an internal matter of the company on which I will not like to make any comment in public”.

According to sources, Jet Airways recruited 80 foreign pilots – 50 on Boeing 737, 30 on ATR aircraft – this year itself, from January onwards. “The airline will be grounding 5 Boeing 737-400 and 2 Boeing 737-NGs which will put about 75 pilots in the surplus category. We also wanted to know how the management plans to deploy these pilots,” said the source….

…the article continues… but just imagine that even if the salaries of expats are cut, the Indians will be next in line. Apart from this there are other cost reduction methods like reduction in perks, medical benefits etc

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