Why Air India is in trouble Air India is working on plans to reduce its expenditure on employees by Rs 500 crore (Rs 5 billion) per annum, with a newly formed Committee re-examining wage and other agreements in consultation with the Unions.
The cash-strapped airline's employee cost currently is over Rs 3,000 crore (Rs 30 billion) annually, a company spokesperson said, adding that the airline was now targetting a reduction in employee cost to the tune of Rs 500 crore per annum. At present, the merged carrier has around 31,000 employees. So why is the national airline in trouble? *Read on. . .* *Image:* A passenger aircraft is silhouetted against the rising moon in New Delhi. *Photographs:*B Mathur/Reuters http://business.rediff.com/slide-show/2009/jun/22/slide-show-1-why-air-india-is-in-trouble.htm --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
