Fiji Time: 4:53 PM on Sunday 24 July

Fiji Times Logo

/ Front page / News

$1.25m payday

Felix Chaudhary
Tuesday, April 15, 2014

FIJI Airways yesterday announced that the management and staff will share $1.25million in profit-share and bonuses.

Managing director and CEO Stefan Pichler said 810 employees, including those working for Pacific Sun, would receive $1400 each.

The management will receive a bonus of $4000 each.

"It was one of my key short term objectives to get this great initiative activated for the last financial year," he said.

"We want to become the employer of choice and an organisation which rewards its people for good performances. We all have to share good and bad times together.

"And when we deliver on our key business objectives, everyone should benefit."

The payout is the first for the airline since it was approved by the board last year. Mr Pichler said the profit-share was testament to the commitment by management and staff to deliver a positive financial result over the past nine months.

He said a lot of discussions were held prior to making the announcement because of the financial obligations brought about by the purchase of three brand new aircraft.

"It was not an easy decision to make as we need every dollar to fund our new and enlarged fleet and we also want to pay off our debts as quickly as possible."

In addition to the profit-share and bonuses, Mr Pichler said non-management staff at Fiji Airways and Pacific Sun could earn a further $1200 per annum on achievement of key business objectives.








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.63610.6171
JPY 52.092749.0927
GBP 0.36630.3583
EUR 0.44060.4286
NZD 0.70100.6680
AUD 0.65150.6265
USD 0.48800.4710

from

$0.00

Exchange Rate updated on 22nd July 2016

Today's Most Read Stories

  1. Parents happy son is in heaven
  2. Allegiance switch
  3. Sevens plight
  4. Man, 64, guilty of rape
  5. Team loses balance
  6. Earthquakes in Fiji, Samoa regions
  7. Student drowns in river
  8. Usamate: No learning, you'll die
  9. All equal
  10. Sugar talk

Top Stories this Week

  1. Ship runs aground Tuesday (19 Jul)
  2. God's call Monday (18 Jul)
  3. Sami's best try Saturday (23 Jul)
  4. Mum on rape charge Tuesday (19 Jul)
  5. Nakarawa steps up to meet Ryan's demands Wednesday (20 Jul)
  6. Nadro loses points Wednesday (20 Jul)
  7. Memorial service for couple Monday (18 Jul)
  8. 7s upgrade Monday (18 Jul)
  9. Radio announcer in court Saturday (23 Jul)
  10. Local leads resort Monday (18 Jul)