Go Air, which filed for bankruptcy earlier this month, is taking the retention allowance route to prevent its employees from leaving en masse. It has announced an increase in salary of Rs 1 lakh a month for captains and half that for first officers to retain employees.
This retention allowance will be effective June 1. The offer will also be extended to those who had left the airline and willing to return, if they rescind their resignations before June 15.
Not just this, the company, which had undergone a rebranding exercise from Go Air to Go First a few years ago, will also offer a longevity bonus to staff who had served longer with the airline. Reports said Go Air Pilots get approx Rs 5,30,000 a month, which is much less when compared to pilots of Spice Jet, who draw Rs 7,50,000 a month since a double hike in their salaries in recent months.
With a month’s deadline from the airline industry regulator on revival plan submission, Go Air is pulling out all stops to present a working face. In its email sent to employees, the airline said it had put together a plan for progress and if everything goes as per plan, then it would not be too long before it would return to the skies that and would return to being regular on salary payments.
Staff from Go Air have plenty of options elsewhere since there has been a shortage of airline staff after the Coronavirus pandemic globally. For instance in India, India’s largest carrier IndiGo is looking to hire 5,000 workers in 2024 and Air India, under the ownership of the Tata Group, plans has some 4,200 cabin crew jobs and needs 900 pilots this year.
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