Picture used for consultant function solely.
| Picture Credit score: Reuters
Home service SpiceJet has cleared all pending wage dues of its workers after securing a contemporary capital infusion of ₹3,000 crore, a supply has stated.
The salaries for July and August for all workers, in addition to the remaining June salaries for individuals who had been partially paid, had been deposited into their accounts on Wednesday (September 25, 2024) night, in keeping with the supply.
A SpiceJet spokesperson confirmed the disbursement of workers’ pending salaries.
“Pending salaries of workers had been disbursed on Wednesday night,” the spokesperson stated on Thursday with out divulging additional particulars.
SpiceJet had been delaying salaries to its employees for the final couple of months as a result of a liquidity crunch.
The airline hasn’t paid the provident fund for 2 and a half years whereas TDS, which is deducted from workers’ salaries each month, has additionally not been deposited with the federal government.
On September 23, the airline introduced elevating ₹3,000 crore via QIP and a further ₹736 crore from the earlier funding spherical, additional boosting its monetary stability and progress plans.
Revealed – September 27, 2024 12:01 am IST
