Mumbai: Employees of India's second largest carrier Jet Airways are fearing layoffs as the airline goes on an across-the-board cost-cutting spree to shore up its weak finances.
India's second largest carrier by marketshare may terminate the services of about 50-60 employees from Kolkata where it recently cut down on a score of flights, said an airline employee and a second person in the know.
"Jet recently cut about 20 daily flights from Kolkata. As a result some loaders, ground-handlers and members of cargo there will be asked to go," said the person who didn't want to be named.
A Jet spokeswoman didn't respond to queries.
They recently sacked 40 employees including cargo loaders and security personnel from Delhi.
Jet Airways spent Rs 484 crore on salaries and remuneration in the October-December quarter of this fiscal year, up 32 per cent on year. It grew the second most among operating cost items after aircraft lease rentals.
In that quarter, Jet posted a loss of Rs 267.89 crore from a net profit of Rs 85 crore a year earlier.
Sources said Jet Airways has been trying to cut manpower costs at almost each step of its operations.
22/04/14 Debabrata Das & Anirban Chowdhury/Times of India
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India's second largest carrier by marketshare may terminate the services of about 50-60 employees from Kolkata where it recently cut down on a score of flights, said an airline employee and a second person in the know.
"Jet recently cut about 20 daily flights from Kolkata. As a result some loaders, ground-handlers and members of cargo there will be asked to go," said the person who didn't want to be named.
A Jet spokeswoman didn't respond to queries.
They recently sacked 40 employees including cargo loaders and security personnel from Delhi.
Jet Airways spent Rs 484 crore on salaries and remuneration in the October-December quarter of this fiscal year, up 32 per cent on year. It grew the second most among operating cost items after aircraft lease rentals.
In that quarter, Jet posted a loss of Rs 267.89 crore from a net profit of Rs 85 crore a year earlier.
Sources said Jet Airways has been trying to cut manpower costs at almost each step of its operations.
22/04/14 Debabrata Das & Anirban Chowdhury/Times of India
