SpiceJet has told its employees that for the first time ever there will
be a delay in the payment of salaries for 'technical reasons' linked to
finding a investor for the budget airline, but has promised that it
wouldn't happen again.
According to a Times of India report, COO of the budget airline, Sanjiv Kapoor, wrote to all employees on Saturday saying that the payment of salaries had been delayed by one to three days depending on the pay grade due to the ongoing restructuring and recapitalisation activities being carried out by SpiceJet.
Pointing out that it was the first time that this has happened, Kapoor also reassured employees that it was the last time such an event would take place.
The Hindu Business Line reported that the airline's staff weren't worried by the development and quoted an unnamed employee as saying that since the month ended on a Sunday, and given SpiceJet is on the lookout for a new investor, they weren't overly worried by the delay in payment of salaries.
Read news in full 30/11/14 First Post
According to a Times of India report, COO of the budget airline, Sanjiv Kapoor, wrote to all employees on Saturday saying that the payment of salaries had been delayed by one to three days depending on the pay grade due to the ongoing restructuring and recapitalisation activities being carried out by SpiceJet.
Pointing out that it was the first time that this has happened, Kapoor also reassured employees that it was the last time such an event would take place.
The Hindu Business Line reported that the airline's staff weren't worried by the development and quoted an unnamed employee as saying that since the month ended on a Sunday, and given SpiceJet is on the lookout for a new investor, they weren't overly worried by the delay in payment of salaries.
Read news in full 30/11/14 First Post
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