Jet Airways: 16 additional companies licensed to reduce costs

The airline had laid off 20 people at the end of last month. Photo: Reuters

Mumbai: Jet Airways, still affected by the crisis, continues to resort to layoffs One of the means used to reduce costs since the carrier has handed out pink slips to about 16 employees Monday, April 8, 2009, 12:31 AM, said a source on Monday. These employees were working as ground staff in Jet Airway's Kochi and Hyderabad offices, according to the source.

At the end of last month, the airline had laid off 20 employees, including senior staff of the flight services department, before asking 15 management employees from different departments, including the company's staff. engineering, security and sales, to leave.

The full-service carrier promoted by Naresh Goyal, which has a fleet of 124 aircraft, employs approximately 16,000 people.

"The airline continues to fire employees from various departments in small groups. city ​​office in Hyderabad, which had 4-5 employees. Last week, the airline asked some of its employees working in Kochi's office to resign. Together, he fired another 16 people in these two offices, "the source said.

In its response, Jet Airways stated that the company was optimizing its resources in certain cities, including redeploying them if necessary, as part of its turnaround. plan, which includes a comprehensive review of the network and the deployment of capacity.

"Jet Airways has launched a series of initiatives to improve the economic performance, efficiency and productivity for the long-term health of its business," said a Jet Airways spokesperson .

The airline said that as part of this strategy, which included a comprehensive review of the network, capacity is being transferred from unprofitable and point-to-point routes to the company's hubs in Mumbai and Delhi for operations. denser, more profitable and more productive. 19659003] "As a result, the company is optimizing its resources in some cities, including redeploying them if necessary, for greater synergy with the revised level of operations. "Said the spokesman.

Jet Airways, partly owned by Etihad Airways of Abu Dhabi, recorded a net loss of 1,261 crore during the September quarter and fails to pay the salaries of some of its employees. [19659003] This was the third consecutive quarterly loss for Jet Airways.

Last week, Vinay Dube, President and CEO of Jet Airways, said the company was "in active discussion" with various investors to find funding to overcome headwinds and long-term growth.

(This story was published in an agency cable without modification of the text Only the title has been modified.)