Today's Paper Archive Classifieds Subscriptions RSS Feeds Site Map ePaper Mobile Apps Social
SEARCH

» Business » Companies

Updated: October 25, 2012 20:38 IST

Kingfisher employees call off strike

Special Correspondent
Share  ·   Comment (4)   ·   print   ·  
The 26-day deadlock in Kingfisher Airlines was resolved on Thursday with the management agreeing to pay four months salary dues by December end to the striking employees who decided to resume work with immediate effect. File photo
AP The 26-day deadlock in Kingfisher Airlines was resolved on Thursday with the management agreeing to pay four months salary dues by December end to the striking employees who decided to resume work with immediate effect. File photo

In partial relief for troubled Kingfisher Airlines, the engineers, technicians and pilots have called off their 26-day strike and have agreed to join work immediately by accepting the management’s offer of disbursal of three months salary before Diwali.

Following the withdrawal of strike, the company has already paid March salary for the employees.

While most striking employees had earlier agreed to join work, a section of engineers from Delhi had stuck to its demand and had rejected the offer. They were demanding four months salary to be paid instantly as a pre-condition to join duty.

This had forced the airline’s Chief Executive Officer Sanjay Aggarwal to rush to Delhi on Thursday to pacify and win over the agitated employees. The airline had requested all employees to accept the offer and join duty before October 26.

“Kingfisher Airlines Ltd. is pleased to announce that all of its employees have agreed to resume work and report for duty immediately. All employees are now eagerly looking forward to working together in order to re-starting operations very soon,” Kingfisher Airlines said in a statement.

“We will now finalise and present our resumption plan to the Directorate General of Civil Aviation (DGCA), and hope to get their concurrence soon,” the airline added.

Following negotiations at the airline’s engineering base at the Delhi airport on Thursday afternoon, the airline agreed not to take any action on the striking employees and assured that nobody will lose job. The airline has also agreed not to take an undertaking from the employees before joining duty.

“We are satisfied with the assurances and hope the CEO keeps up his words. If we don’t get our salary as promised, we will further intensify the agitation,” said an employee asking not to be identified.

To pacify employees, the airline had, on Wednesday, agreed to pay the October salary for all employees before Christmas. All it means that the employees will get four months salary by Christmas.

The nearly 4,000 employees will now be getting their salary due to the agitation by a handful of 150 engineers and a section of pilots who refused to work, thus grounding the airline’s fleet. The DGCA had recently suspended the airline’s flying permit on safety concerns.

Now the airline will have to augment financial resources to satisfy the DGCA to fly again and try to retire its mounting debt burden of over Rs.7,500 crore from lenders.

At least now,wish the administrators stand on their promise of
payment of salaries to the employees to mitigate their sufferings
at this hour of need that pushed them to the edge till now,and
instill confidence in them to stand by the King fisher air lines
for its survival.The time is ripe to stop hide and seek games by
the authorities of King Fisher Air Lines.

from:  ANTHONY RAO
Posted on: Oct 26, 2012 at 11:13 IST

This is indeed a good move , feel sad for families of employees in festive season. At least they will celebrate now.

from:  jeevan
Posted on: Oct 26, 2012 at 10:45 IST

What do you mean 'crisis ends'? Kingfisher's crisis is its lack of money, and that has not ended. The problem with the staff was on account of having no money, and while they have managed that problem, they still are in deep crisis because there is no sight of any money from lenders coming their way. Hence, wrong headline.

from:  Rajeev Iyer
Posted on: Oct 25, 2012 at 16:33 IST

Well all the best for all the KF employee...and with a hope that now
their take off will be smooth....

from:  Mayank Kanga
Posted on: Oct 25, 2012 at 16:24 IST
This article is closed for comments.
Please Email the Editor

National

International