INDIA
The notice for 'no pay, no work' agitation had been given by eight major unions of the airline earlier this week.
A 'no pay, no work' strike call given by a major chunk of Air India's over 28,000 employees from Monday was called off today after the ailing national carrier agreed to a firm schedule to clear all their salary and other dues by June.
After two days of negotiations and mediation by Congress MP in Rajya Sabha Bhalchandra Mungekar, the employees' unions decided to call off their agitation after Air India management gave them a "firm" schedule for payment of their dues.
"We received their (strike) notice today. We have given them a payment schedule under which we will clear all the dues by June. The strike has been called off," Air India CMD Rohit Nandan told reporters after a meeting with union representatives here.
The notice for 'no pay, no work' agitation had been given by eight major unions of the airline representing pilots, engineers and cabin crew among others, to protest the delay in payment of their salaries, productivity-linked incentive (PLI) and other allowances by over three months.
The union leaders and the management had held a marathon day-long meeting yesterday which had failed to yield any result and the two sides resumed their talks today.
"The management has assured us that they would be paying us one instalment of salary, one instalment of PLI and one instalment of our due incentive on 15th of every month. By June 30 all the dues would be cleared," Ganesh Sabnis, President, Air India Aircraft Engineer's Association told PTI.
Air India faces a whopping Rs 67,000 crore debt and has reported a loss of close to Rs 6,900 crore this fiscal. The airline was also facing an average operational loss of about Rs 10 crore daily.
"Since the management has given us a firm schedule for payment of our dues, we have called off our agitation. We are fully aware of the financial situation of the company and we did not want any disruption. But we have been stretched for months without being paid. Now all operations will remain normal," Sabnis said.
The unions had earlier sought the Prime Minister's intervention to resolve the crisis, failing which they had threatened to go on agitation from April two.
After the meeting, Mungerkar told PTI that he had asked the management to strictly adhere to their commitment they have made regarding payment schedule.
"I have told the workers to maintain status quo in the airline's operation," the Congress MP said.
Earlier too, the management had promised a staggered payment schedule to clear the dues in the next two months, expecting that by then Air India would get funds through the equity infusion of Rs 4,000 crore announced in this budget.
The unions, however, had remained unsatisfied and had decided to go ahead with their protest action, saying they had not received any firm assurance on their dues.
IND vs NZ, 2nd Test Dream11 prediction: Fantasy cricket tips for India vs New Zealand match
How To Prepare For The UPSC CSE 2025 Exam?
'India supports dialogue and diplomacy, not war': PM Modi at BRICS Summit
This woman lost in Dubai's desert orders camel via Uber, netizens say 'your camel has arrived'
Good news for Vijay Shekhar Sharma, Paytm gets NPCI nod to..., shares surge over 7%
Fan requests Rohit Sharma to deliver her message to Virat Kohli, here's how Indian captain responded
Rajkummar Rao recalls being scammed in Delhi during struggle days: 'The man had...'
Robbers pose as customers in jewellery shop, what owner did next will leave you shocked
Maharashtra Elections 2024: NCP releases 1st list of 38 candidates; Ajit Pawar to contest from…
Japanese Shah Rukh Khan leaves Bollywood Badshah's fan impressed, social media says...
Will KL Rahul be retained by LSG ahead of IPL Auction? New report provides BIG update, it says...
'Wayanad will have two MPs': Rahul Gandhi after Priyanka files nomination for bypolls
I Want To Talk teaser: Abhishek Bachchan announces his next with Shoojit Sircar, to release on...
Diwali 2024: When is Deepawali, October 31 or November 1? Check dates, mahurat timings and more
JEE Main 2025 exam date to release TODAY: Know how to register, check exam calendar HERE
Jhalmuri fever hits London: Video of British man selling Kolkata-style street food goes viral, watch
SC slams Centre as Delhi air worsens, calls environment laws...
Ex-cricketer suggests replacing KL Rahul with THIS batsman for 2nd Test vs NZ, he is…
TMC MP Kalyan Banerjee smashes bottle, hurls it towards Chair in row over Waqf meet
Know how Mukesh Ambani and Nita Ambani's children Isha Ambani and Akash Ambani got their names
Family finds venomous snakes under their bed, what happened next will leave you in shock
This company's Vice President gets fired after raise and bonus, reason will leave you shocked
Mukesh Ambani-led Jio Financial eyes JVs with Allianz SE in insurance sector
IMD's BIG update: Cyclone Dana forms over Bay of Bengal, to cross Odisha-Bengal coasts on...
This company gifts cars as Diwali bonus, calls its employees celebrities, is owned by…
Amid divorce rumours with Aishwarya Rai, Abhishek Bachchan skips her family gathering
When Ratan Tata opened up about his parents separation, first love and childhood, he said...
Blow to Mukesh Ambani ahead of Isha Ambani, Akash Ambani's birthday, Reliance stocks...
Saudi Arabia's futuristic megacity project Neom a big threat to migratory birds? Experts say...
Apple CEO Tim Cook didn’t know about this iPhone feature, left speechless, know here
Mukesh Ambani's Reliance Jio offers superhit Diwali plan, unlimited 5G internet for just Rs...
Bengaluru Rains: Schools closed, WFH advisory for private companies as IMD issues yellow alert
Israel confirms killing of Hashem Safieddine, presumed successor of Hezbollah chief Hassan Nasrallah
Big move by Anil Ambani, his company to invest Rs 10000 crore to set up India's largest...
Meet Indian genius, who was born in small town, today leads AI innovations of Google, she is...
Woman stays at luxury resort worth Rs 3 lakh for free, claims she used...
Delhi AQI update: Air quality worsens to 'very poor' level at 349, becomes 'severe' in these areas
PM Modi to hold bilateral talks with Xi Jinping at BRICS Summit today
Odisha, West Bengal brace for Cyclone Dana: How was it named and what it means?
POCSO case: Mumbai Police ask Ekta Kapoor, her mother to appear for questioning tomorrow
Watch: Can you identify all the actors in this clip from 1991?
Priyanka Gandhi to file nomination for Wayanad Lok Sabha bypoll today
Meet woman, whose father used to sell milk, cracked UPSC exam with AIR 62 to become...
Delhi: No water supply in Capital for 12 hours on Friday due to…; check list of affected areas
Salman Khan resumes shooting for Sikandar amid death threats from Lawrence Bishnoi
India, Pakistan extend Kartarpur Sahib corridor agreement for five years
DNA TV Show: What is BRICS currency? Is it possible to introduce it today?
IPL 2025: Three-time IPL champion set to join Gujarat Titans as batting coach - Reports
PM Modi, Xi Jinping to hold bilateral meet on sidelines of BRICS Summit on Oct 23, first in 5 years
New Himalayan snake species named after Academy Award winner Leonardo DiCaprio, it will be called…
Cyclone Dana: Schools closed in West Bengal, Odisha for 4 days from...
Delhi govt to provide special assistance of Rs 5000 monthly to...
Rape-accused Hollywood producer Harvey Weinstein diagnosed with bone marrow cancer
IND vs NZ: Sarfaraz Khan or KL Rahul; Who will find a spot in 2nd Test? India coach says…
Mumbai Police interrogates Ekta Kapoor, her mother Shobha Kapoor in case under POCSO act
Mukesh Ambani may team up with govt to sell food products through...
Bengaluru: Several feared trapped as under-construction building collapses
Best Cheap VPS Hosting Providers: Top Picks for Hosting Under USD 10
Zomato CEO Deepinder Goyal set to raise Rs 8500 crore, says it is meant to...