Jet Airways lays off 110 employeesMay 1st, 2009 - 10:10 pm ICT by IANS
New Delhi, May 1 (IANS) India’s leading private carrier Jet Airways handed over pink slips to 110 employees on the eve of May Day, the company said Friday.
“Jet Airways undertakes additional measures to streamline costs to improve the financial health of the company under the challenging economic environment. The airline has issued notices of termination to identified employees on contract, who have superannuated,” a company spokesperson said.
“The termination is in accordance with the law and their (employees’) service conditions,” he added.
Of these employees, 50 were on contract basis, while the remaining 60 were probationary cabin-crew.
Last year, the airline had given termination notice to around 19,00 employees, but revoked the decision after the government’s intervention and workers’ protest.
Last week, Jet had cut the salaries of its employees drawing a gross monthly salary of over Rs.75,000 by up to 25 percent.
The airline faces losses as its revenue has been falling since early last year.
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