Curious Timing: Jet Airways Slashes Jobs Days After 'Alliance' Announcement | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.06.24

Airborne-NextGen-04.30.24

Airborne-Unlimited-05.01.24 Airborne-AffordableFlyers--05.02.24

Airborne-Unlimited-05.03.24

Wed, Oct 15, 2008

Curious Timing: Jet Airways Slashes Jobs Days After 'Alliance' Announcement

As Many As 1,900 Positions Eliminated, Including 800 Recently-Hired FAs

Citing "these difficult times" and an expected $2 billion USD loss in the Indian aviation industry in 2008-2009, on Wednesday Jet Airways announced it would cut back its previously announced winter schedule by 15 percent... while also firing the personnel who were recently hired to handle those extra flights.

"This is inevitable in view of the declining traffic volumes," the airline said. "Jet Airways expects these difficult market conditions to continue for some time. Jet has been watching the situation for some time in the hope that it may turn around, but has now reached a stage at which some hard decisions are inevitable.

"As a consequence, personnel hired for the expansion, probationers and unconfirmed personnel, (who have been recently hired), will have to be released. As a first step, around 800 flight attendants, recently recruited for the planned expansion program, which has now been suspended, have been released. We are in the process of releasing personnel in other categories also."

Reports out of India indicate the total number of job losses could surpass 1,900... including probationary and temporary workers, as well as cockpit crew and management positions.

The airline said all cuts would be directly tied to "the lower number of flights and seats offered" -- and stressed the layoffs had nothing to do with the announcement this week of a planned "alliance" with rival Indian carrier Kingfisher Airlines.

"We wish to clarify that the reconsideration of our operations has been ongoing for some time now and this adjustment in personnel numbers did not result from the planned alliance with Kingfisher Airlines. If at all, improved economies in other areas would help obviate such step in the future."

Despite Jet Airways' lamentations, the timing of the layoffs is curious, to say the least... especially given the fact both Jet Airways and Kingfisher stated their alliance would "significantly rationalize and reduce costs... with immediate effect." 

And nothing cuts costs quicker than job layoffs.

FMI: www.jetairways.com

Advertisement

More News

ANN's Daily Aero-Term (05.07.24): Hazardous Weather Information

Hazardous Weather Information Summary of significant meteorological information (SIGMET/WS), convective significant meteorological information (convective SIGMET/WST), urgent pilot>[...]

ANN's Daily Aero-Linx (05.07.24)

Aero Linx: The T-6 Racing Association The T-6 Racing Association is all about T-6‘s and racing. Our mission is to bring great racing to our fans in Reno and other venues wher>[...]

Airborne 05.01.24: WACO Kitchen, FAA Reauthorization, World Skydiving Day

Also: Electra Aero, AMO-CBP v Smugglers, Naval King Airs, Boeing Deal To the surprise of everyone involved, Waco Kitchen shut down both airport operations with little warning and h>[...]

Airborne Affordable Flyers 05.02.24: Bobby Bailey, SPRG Report Cards, Skydive!

Also: WACO Kitchen Bails, French SportPlane Mfr to FL, Dynon-Advance Flight Systems, Innovation Preview Bobby Bailey, a bit of a fixture in sport aviation circles for his work with>[...]

Airborne 05.03.24: Advanced Powerplant Solutions, PRA Runway Woes, Drone Racing

Also: Virgin Galactic, B-29 Doc to Allentown, Erickson Fire-Fighters Bought, FAA Reauthorization After dealing with a big letdown after the unexpected decision by Skyreach to disco>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC