In view of the global economic meltdown coupled with mounting financial losses, Naresh Goyal-run domestic private air-carrier, Jet Airways, has slashed salaries by up to 25 per cent for all its employees drawing a gross salary of above Rs 75,000 per month.

"Huge financial losses have forced the airline to slash salaries by up to 25 per cent to all its employees drawing a gross salary of above Rs 75,000 per month," an industry source said.