Kingfisher announces 20% salary cut for pilots

Kingfisher announces 20% salary cut for pilotsVijay Mallya owned air carrier, Kingfisher Airlines announced 20 per cent cut in the salaries of its pilots, clearly to mitigate the impact of global slowdown on its business. The salaries have been cut in the range of Rs 50,000 and Rs 80,000 per month according to some unofficial reports.

However, Kingfisher spokesperson said that the company had introduced a production-linked compensation structure (PLCS) after November, 2008 and pilots would get equal scale as that of pilots of Air Deccan, adhering norms followed by all international airlines.

The official statement further added that company is only implementing the Deccan-Kingfisher package structure in a bid to bring parity with the salaries of Deccan pilots.

The company has also scrapped guarantee of pay up to a minimum of 70 flying hours. Some pilots may end up getting nothing, if they have been grounded for any reason.

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