The title of this article gives an impression that Kingfisher is offering something "Unique" to the employees. :-)
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Vijay Mallya Assures Salary To Staff
As crisis-ridden Kingfisher sees an exodus of staff, especially pilots, airline chief Vijay Mallya on Sunday claimed in a mail to staff that he had arranged money to pay their salaries.
He has also admitted the exodus, while questioning the claim of an airline to be money-spinning.
Vijay is said to be in discussions with two foreign airlines - International Airlines Group and Abu Dhabi's Etihad - to make investment in his stressed carrier.
In the meantime, a group of well-known citizens has sent a letter to PM Dr. Manmohan Singh, asking him not to offer any bailout to the private airline at taxpayers' expenditure.
Mallya's post said, "I have organized funding so that we can pay your seriously overdue salaries which is a source of great personal sorrow for me. We are currently handicapped as our bank accounts are frozen by the tax authorities. I have been working tirelessly to urgently resolve this issue..."
On the exodus, Mallya stated, "Whilst many may have left our family and many may be in the process of leaving, our family may have become smaller for now.... We were the biggest and best. We may not be the biggest now but we remain simply the best for our guests and our valued King Club members."
Dangling a carrot, he said staff, who stay with the company in these hard times will be honored once Kingfisher picks up.
Without citing IndiGo, Mallya interrogates if any airline can be money-making in the country.
"Government policies can make or break any industry. So far, it has been downhill for civil aviation except for one airline that defies the odds and claims to be profitable however unlikely that may be."
"The government seems set to 'persuade' banks to provide him yet another bailout to fund a company that has so far racked up almost Rs 7,000 crore in losses, entirely funded by loans. Since most of the money has been lent by nationalized and public sector banks, which are repeatedly capitalized by government, it would mean that this private enterprise will be bailed out with public funds. We, a group of concerned citizens, are writing to express our strong objection to any further bailout of the flamboyant billionaire, which will only allow him to continue to mismanage the airline," the letter added.
The title of this article gives an impression that Kingfisher is offering something "Unique" to the employees. :-)
In place of oral promise let him make this promise via "promissory note" so that the employees will have some faith on him.
Vijay guaranteed his staff today that he had arranged funds and the firm was hopeful of paying salary by early next week.
Mallya should take proactive interest, says Moily
yeh bhi koi ehsaan thoda he, salary to employees ka hak he
Kingfisher expects bank accounts to be reactivated soon
