The Congress' austerity drive is gaining momentum. After economy flights and train rides, MPs and MLAs have been asked to take a 20 per cent salary cut.
Jet Airways slashed salaries by upto 25 pc for its senior employees.
http://www.ibnlive.com/news/recession-hits-jet-airways-senior-staffs-salary-cut/91020-7.html
HR officials say at Assocham seminar salary cuts coming next.
http://www.ibnlive.com/news/deep-freeze-india-inc-admits-its-not-hiring/88969-7.html
GM had got $9.4 billion in federal loans to allow it to stay out of bankruptcy.
http://www.ibnlive.com/news/gm-cutting-10000-jobs-nike-another-1400/85030-7.html
Obama had recently expressed shock at the pay related greed on Wall Street.
http://ibnlive.in.com/videos/84508/obama-cuts-salary-of-bailed-out-compnay-execs.html
The move comes a month after the company's retrenchment fiasco.
http://www.ibnlive.com/news/jet-proposes-salary-cut-pilots-refuse-to-fall-in-line/78843-7.html
Jet Airways chief Naresh Goyal has called for a meeting with selected staff.
http://www.ibnlive.com/news/jet-airways-set-to-cut-salaries-of-pilots-engineers/78782-7.html
Following the credit crunch, high-flying executives are being asked to justify their salaries.
http://www.ibnlive.com/news/forbes-india-spl-india-inc-cuts-down-on-salary/76813-7.html
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