Salary cuts for Air Pacific staff
13 May 2009 - Fiji TV
Air Pacific has today announced salary reductions for all staff ranging from ten to fifteen percent.
The company says, this is due to low income, brought on by the global financial crisis.
The union representing workers at Air Pacific, has agreed to the paycut.
The national airline has implemented pay cut for all staff from the top management level right down to its normal employees.
Air Pacific Chief executive John Campbell today announced a 15 percent pay reduction for executive management and a 10 percent pay cut for management, contracted staff, pilots and all remaining staff who are members of the Transport Workers Union.
The pay cut for pilots and union members are for three months, while for others, its for six months, with a review after three months.
Campbell in a statement says the airline company experienced significant downturns in overall business including cargo and passenger travel.
He adds the devaluation of the Fiji dollar also contributed heavily to expenses, as majority of its transactions are done in American dollars.
TWU says they have carefully examined Air Pacific's records before agreeing to the deal.
The union says they hope the financial situation of the airline improves soon.
The pay cut starts on May 27th and ends on 27th August.