New Delhi: In a major relief to employees of cash-strapped Kingfisher Airlines, Vijay Mallya on Tuesday announced that there were no immediate plans for layoffs. The airlines however, conveyed its intent to close down some stations temporarily.
Kingfisher Airlines said it temporarily stopped operations to several destinations as per its revised flight schedule, and most employees at those places have been asked to "stay at home."
In its statement, the airlines said that it will return to full operations after fund infusion.
Going in for a "holding plan" pending re-capitalisation, it said, "there are several stations to which operations have been temporarily suspended".
"Since we could resume operations after getting re- capitalised, most staff at these stations have been asked to stay at home whilst remaining on the Company's rolls," an airline spokesperson said.
However, he did not disclose the number of such staff or that of the stations from where operations have been suspended.
On speculation about lay offs, he said "we are in a 'holding' pattern right now and are waiting for various decisions from the Government and our consortium of bankers on FDI policy, working capital funding, etc. All of these will have a major impact on the staffing decisions we will have to make."
27/03/12 Economic Times
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