*ISLAMABAD: *
The Pakistan International Airlines (PIA) on Wednesday introduced avoluntary separation scheme (VSS) for its employees in order to lower itsdeficit and curtail its expenses.
National flag carrier’s Chief Executive Officer Arshad Malik maintainedthat no airline in the world can survive with 14,500 employees and adeficit of Rs400 billion as well as liabilities of more than Rs100 billion.
Briefing the Senate Standing Committee on Aviation, Malik noted that theVSS had been introduced for the additional employees of the organisation.The airline staff would be able to benefit from this scheme voluntarily.
Read Top Stories
The committee was also briefed about current aircraft-to-employee ratio asa comparison between various international airlines and the PIA.
