Jet Airways, the major Indian international airline based in Mumbai has reportedly fired 20 employees including some senior-level executives to curtail costs.
Its reported that the loss-making airline had recently asked 15 of its managerial level employees from various departments including engineering, security, and sales, to leave the company.
Earlier, Naresh Goyal-promoted Jet Airways has delayed payment of salaries to its senior management, pilots and engineers due to its poor financial health.
According to an ET post, Jet Airways has been reducing staff since it announced the second consecutive quarterly loss in August. Job cuts stopped in September for a while, but have come back again this month.
A source alleged that the airline is asking people to leave but in small batches to escape attention.
“Around 20 employees from the in-flight services department including assistant managers, managers, senior manager, among others, have been sacked this month alone. And most of these people are from Mumbai,” the source said to ET.
The airline had reported a net loss of Rs 1,326 crore in the quarter ended June, compared with a net profit of Rs 58 crore in the year-ago period. Significantly, the airline had declared the June quarter results after delaying it for around two months.
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