Air transport company Spice Jet is suffering from financial crisis

Air transport company Spice Jet is suffering from financial crisis. It is alleged that the financially dilapidated company is not able to pay employees on time. According to insider news, Spice Jet is not able to deposit the employees’ provident fund on time along with the salary. Many people think that this is the result of continuous losses. Even, many people fear that the number of flights of that company may decrease in the coming days. However, Spice Jet has clarified its position on the issue of employee salaries. They said most of the workers are being paid on time. There are some problems. Trying to overcome it.

Spice Jet owned by Ajay Singh has been making losses for the past five years. In 2019, the company’s total loss was Tk 302 crore. Last year’s financial report revealed that the amount of the loss has increased to 1512 crore rupees. In the meantime, complaints were raised against the airline for not depositing money in the salary, PF and pension sectors of the employees. There has even been speculation that they may lay off staff. In this situation, many people are expressing concern about the future of the organization. However, the company’s spokesperson assured that there is no cause for concern. He said that more than 75 percent of the workers have been paid. Pension arrears will be deposited in the future. In his words, “The organization is trying to overcome difficult times. The losses last year were reduced compared to 2022.”