AIRLINE HOLDS PRESS CONFERENCE
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1,900 employees will lose jobs: Jet Airways
Published on Wed, Oct 15, 2008 at 18:09, Updated on Thu, Oct 16, 2008 at 07:29 in Business section
Tags: Jet Airways, Raj Thackeray , Mumbai
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Mumbai: Jet Airways has decided to lay off 1,100 additional employees in the next few days, a top official said on Wednesday.
Earlier in the day, Jet said it has retrenched around 800 flight attendants and suspended its expansion programme, adding that it will also cut flights because of a slowdown in demand.
Jet Airway CEO Wolfgang Prock Schaeu and Executive Director B Saroj Datta held a press conference in Mumbai where they explained the company’s decision to terminate the services of company employees.
"It is an unfortunate decision, which all of us in the company regret but it is an attempt to save the company and the jobs of the remaining employees," said Dutta at the airline’s headquarters in Mumbai.
"A total of 1,900 people are being served separation notice. 800 have already been served notice. In the next few days the others will also be served notice. It is an attempt to save the jobs of remaining 11,100 employees," he said. The additional job cuts would be across all categories and departments.
He said the decision to terminate the employees had nothing to do with the alliance entered into with Kingfisher. "It (alliance) has nothing to do with the workforce of the companies. These are independent decisions of the two companies."
Kingfisher Airlines has laid-off nearly 300 jobs and may announce more cuts across the board in the coming days. The airline chief Vijay Mallya gave enough hints of it, saying the company would do whatever it takes to cut costs.
“It is a difficult decision but we had to take it,” said Schaeur, who promised that the sacked employees would be reinstated if the “situation improves”.
The process of termination is absolutely legal and in line with usual company process. Compensation to sacked employees would be paid according to the contract, the company said.
The company has spent money in training the retrenched employees and would like to take them back when market conditions are good, Dutta said.
“We do not see any political party involving themselves with this issue. They are rational people and would understand themselves how important this termination is,” said the two officials.
This statement maybe a hint at Maharashtra Navnirman Sena chief Raj Thackeray, who on Wednesday warned he wouldn’t allow Jet Airways flights to take off from Maharashtra if the airline does take back the services of 850 employees.
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URBANEYE
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it's a hard decision to lay off employees but its part of the org restructuring picture.Basically the company is playing
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The days of the happy job hopper have come to an end. The companies can either keep the 10000 people
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The top management should be held responsible for doing bad planning and being dumb and stupid. They need to first
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Who said only politics makes strange bedfellows? Who said politics is full of cartels to keep parties in power? Jet
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These business hotshots dont know how to do business and then take it out on the staff. When you hire
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