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Jet Airways starts variable pay to save wage bill

Jet Airways starts variable pay to save wage bill

Thursday, April 6, 2017, 4:09 PM

Jet Airways is introducing 15-20% variable pay component for its top management as it looks to save on its wage bill. The airline has higher cost structure than other listed domestic airlines and is undertaking cost control exercises. The variable pay scheme will be applicable to around 100 senior executives of Jet Airways and is expected to result in annual savings of Rs.25-30 crore.
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