AIRINDIA-JADHAV 2 LST

Terming the cut in the PLIs of the employees as an
"essential" step for the turnaround of the company, Jadhav
said, "We presented out turnaround plan to banks and financial
institutions, they asked us about what sacrifices were being
made by the employees.

"Rationalisation of PLIs was a must and the committee
formed to look into the matter has not allowed us to cut more
than 50 per cent," he added when asked about the allegations
of the agitating pilots that there would be 70 per cent cuts
in their PLIs.

The CMD said the total PLI expenditure has gone up from
Rs 1,000 crore Rs 1,500 crore in the last two years, of which
50 per cent accounts for the cabin and cockpit crew and the
rest is paid to other 26,000 employees.

Claiming that he had held discussions with all sections
of employees and management over the PLI cut matter, Jadhav
said he had written letters officially and held talks with the
representatives of executive pilots also.

To a query that only non-unionised pilots were being
targetted for pay cuts, he said, "It is not so. We are taking
a lot of measures to cut down our costs but they are not
visible. Cut in the PLI of pilots and employees would be
visible."

Jadhav said a total of 152 flights have been cancelled in
the last three days by the airlines across the country.

"32 flights were cancelled on day one, 42 were cancelled
on the second day and 80 have been cancelled today," he said.
PTI AJD
JVN


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