Garuda Indonesia Implements Cost-Cutting Measures Through Executive Salary Reduction

Proposal and Acceptance of Salary Cut

Garuda Indonesia's CEO, Glenny H Kairupan, has proposed a 10% reduction in executive salaries as part of the company's broader cost-efficiency efforts. The proposal was made during a meeting with the board of directors and was met with unanimous approval. The decision reflects the leadership's willingness to make sacrifices and lead by example in improving the company's financial condition.

Context and Implications

This cost-cutting measure is part of Garuda Indonesia's strategy to enhance its financial health. By reducing executive salaries, the company aims to demonstrate its commitment to efficiency and responsible financial management. The move is expected to contribute to the overall effort to stabilize and improve the airline's financial performance.