In Dubai, Emirates Group will raise salaries and allowances for workers starting next month after it reported record profits for the 2022-23 fiscal year in May. For those employees working in the emirate, the Group will grant a 5% increase in basic salary and increase allowances for accommodation and transportation. According to an email sent to its employees, starting September 2023, the company will grant a 10% increase in the education support allowance.
The organization came out and announced a 24-week bonus for employees shortly after releasing its 2022-23 results in May.
The Group’s main subsidiaries are Emirates Airline and dnata, which provides ground handling, cargo, travel and inflight catering services; in total the multinational has 102,379 employees at the end of the 2022-23 fiscal year, additionally, the company added more than 85,219 employees in the last fiscal year.
Emirates Group posted a record profit of Dh10.9 billion, for the fiscal year ended March 31, 2023, compared to a loss of Dh3.8 billion the previous year. The Group’s revenue reached Dh119.8 billion, an increase of 81% over last year’s results. While its cash balance was Dh42.5 billion, the highest ever.
However, staff members working abroad will receive increases in base salary commensurate with the local cost of living. Group employees’ salaries increase “in direct response to the rising cost of living and inflation” worldwide.
Published by Wild west dominio, news and information agency.