Crisis in K'fisher likely to prolong,Mallya says not absconder

Image
Press Trust of India Mumbai/New Delhi
Last Updated : Jan 25 2013 | 5:33 AM IST

Under fire over the crisis and with agitated employees asking where he is, Mallya broke his silence, slamming sections of the media for calling him an "absconder".

"I travel 24x7 where my multiple work responsibilities take me. Sections of media call me an absconder because I don't talk to them," Mallya said in a tweet.

Mallya's tweet came against the backdrop of his absence at the talks or negotiations the management of the debt-ridden private carrier has been holding with the employees over the past two weeks.

The airline employees, who held meetings in Delhi, Chennai, Bangalore and Mumbai, rejected the offer of payment of three months' salaries in a staggered manner as part payment of its dues and insisted that it should be paid in lumpsum.

However, its Mumbai-based pilots said they were ready to accept the deal offered by the management as a condition to resume work. Salaries have been pending for seven months.

The airline CEO, Sanjay Aggarwal, today sent out emails to individual employees offering them three months salary by Diwali in mid-November, saying if they accepted the offer, they should send an acceptance note and resume work from Friday, which was objected to by the protestors.

The staffers also objected to Aggarwal's suggestion that the employees, who would accept the offer, should send a reply to him saying: "I hereby accept the terms and conditions of the mail below and confirm that I shall be reporting to work effective October 26, 2012. I assure you that I would adhere to my duties in a manner that does not cause any further disruptions of our operations."

The CEO also told the individual employees: "Once you have sent your acceptance, you can resume duties effective October 26, 2012."(MORE)

  

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 23 2012 | 8:15 PM IST

Next Story