Island Aviation Services (IAS) has announced that the company will be instituting pay cuts for its board and senior employees.
National carrier, Maldivian is operated by IAS.
IAS on Sunday said a 20 percent pay cut will be imposed on the salaries of the company's board of directors and senior employees as a cost cutting measure amid the novel coronavirus pandemic that has hit the aviation industry hard. The company further said its employees have been offered one to three months of unpaid leave.
IAS' Public Relations and Communications Manager Moosa Waseem said employees going on unpaid leave will receive other incentives from the company. Waseem said although they will not be paid their monthly wages, they will still be able to avail other benefits of their employment including insurance and travel incentives.
The company recently undertook measures to ensure cash flow and the smooth operation of the company. However, the salaries and allowances of its junior staff have not been reduced.
