Jet Airways layoffs: airline fires 16 more people working as ground workers in Kochi and Hyderabad offices to cut costs

Mumbai: Jet Airways, still on the verge of crisis, continues to use small-scale layoffs to cut costs, with the carrier giving up pink sheets to about 16 additional employees, a source said Monday.

Last month, the airline laid off 20 employees, including senior staff in the flight services department. Previously, he would have asked 15 executives from various departments, including engineering, security and sales, to leave the company.

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

Jet Airways. Image of representation. Reuters

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

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 network badysis and capacity deployment. .

"Jet Airways has launched a series of initiatives aimed at improving 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. d Delhi for more dense, more profitable and more productive operations.

"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," the spokesman said.

Jet Airways, which is partly owned by Etihad Airways of Abu Dhabi, recorded a net loss of Rs 1,261 crores in the September quarter and fails to pay the salaries of some of its staff.

Quarterly loss for Jet Airways.

Last week, Jet Airways general manager Vinay Dube said the airline was "in active discussion" with various investors to find financing to face the headwinds and create long-term growth .