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Jet Airways freezes salary hikes, introduces variable pay to cut costs

Jet Airways freezes salary hikes, introduces variable pay to cut costs

Friday, April 7, 2017, 4:37 PM

The financial year 2017 was tough on Jet Airways and reeling under losses, the company has now decided to freeze salary hikes expected by employees at the end of April-March fiscal for at least a quarter. According to the report, the airline is also introducing a 15-20 percent variable pay component for its top management to save cost on wages.
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