Airports Authority of India discusses austerity measures with employees
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The Airports Authority of India (AAI) administration held a gathering with its employees’ union on Thursday to debate possible austerity measures as COVID-19 has resulted in it incurring losses for the primary time since its inception.
According to provisional figures for the monetary yr 2021, AAI has incurred a loss of ₹2,800 crore as in comparison with a revenue of ₹1,985 crore in FY2020.
At the assembly with the employees’ union and eight different workers associations, the administration proposed deferral in fee of wage and perks which quantity to 35% of the essential pay, and suspending fee for extra time in addition to encashment of go away.
The AAI can be mulling over chopping down operational and administrative prices, which embrace stationery and journey bills, amongst others.
To overcome the monetary losses, the AAI has additionally written to the Ministry of Civil Aviation for monetary help, it’s reliably learnt.
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