Jet Airways may issue pink slips to 500 ground personnel
Jet Airways may have finally decided not to go ahead with a 15% cut in salaries of its pilots after facing stiff resistance from them, but it is likely to issue pink slips to about 500 of its ground services staff and also rationalise the number of its cabin crew on its Boeing and Airbus fleet, sources told said. Jet Airways has an employee strength of 16,558, of which industry estimates peg the ground services staff to be around 5,000. This means Jet might look to retrench about 10% of its ground services employees. The airline, struggling with rising costs, crimping margins and stress on its balance sheet due to pricing pressures, will also look to rationalise its cabin crew strength per aircraft depending on the fleet type. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-08-09/eap/jet-airways-may-issue-pink-slips-to-500-ground-personnel
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Jet Airways may issue pink slips to 500 ground personnel
Jet Airways may have finally decided not to go ahead with a 15% cut in salaries of its pilots after facing stiff resistance from them, but it is likely to issue pink slips to about 500 of its ground services staff and also rationalise the number of its cabin crew on its Boeing and Airbus fleet, sources told said. Jet Airways has an employee strength of 16,558, of which industry estimates peg the ground services staff to be around 5,000. This means Jet might look to retrench about 10% of its ground services employees. The airline, struggling with rising costs, crimping margins and stress on its balance sheet due to pricing pressures, will also look to rationalise its cabin crew strength per aircraft depending on the fleet type. <br/>
