Jet embarks on cost-cutting spree; staff fear layoffs
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.
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.
Read the Economic Times news report here.
