Spicejet defaults in salaries and PF: Report

Spicejet defaults in salaries and PF

Spicejet has delayed payment of salaries to many of its employees and also defaulted in PF contributions payment, according to a CNBC-TV18 report citing sources.

It was reported recently that the carrier is also planning to reduce its headcounts to lessen the salary bill load.

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Apart from delay in salary, Spicejet has also delayed depositing the money due to PF and taxes deducted from the salaries, report cited.

A Spicejet spokesperson, according to the CNBC-TV18 report, said the salaries have been paid to over 75 per cent of the employees and that the pension fund dues will deposited in the “near future”.

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