Business

⚡Layoffs Not Coming: Air India Defers Pay Hikes To Manage Record Losses

By Aadil Ikram

Air India has assured its 24,000-strong workforce that no layoffs are planned despite projected record losses of 22,000 crore INR. However, annual salary increments will be deferred by three months due to high fuel prices and West Asia airspace disruptions. The airline is prioritising cost-optimisation and the elimination of discretionary spending to maintain stability.

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