Jet Airways has terminated contracts of about 60 cabin crew who were on probation, and another 50 employees who have superannuated, as the airline moved to cut cost and stay trim.
The Naresh Goyal-led Jet Airways is still to recover from the losses from the oil shock and the fare cuts of the past few years. Airlines saw a steady erosion of their revenues and profit following a hike in fares to cover rising costs of operation.
The announcement of the lay-offs comes less than a week after Jet Airways slashed salaries of employees drawing a gross salary of over Rs75,000 a month by up to 25 per cent.
Of these employees, 60 are probationary cabin-crew and another 50 are contract employees who have superannuated.
It is learnt that that all the affected employees are above 60 years of age and are in the rank of managers and senior managers from the engineering, planning and some other departments.
The contracts of the superannuated employees were due for renewal, but Jet did not do so, an airline spokesperson said. These employees have been suitably notified, Jet said.
Jet, meanwhile, said it has provided the name and contact details of crew desirous of seeking employment to other carriers who are in need of experienced crew.
Jet Airways, which last year issued termination notices to around 1,800 employees and was later forced to retract the termination orders, is reportedly planning to centralise operations from bases such as Mumbai and Delhi, making staff at smaller bases redundant.
However, those who don't will perhaps eventually be made redundant or laid off.
Meanwhile, certain media reports also suggested that in a move likely to affect 400 employees, Jet was shutting down all its major metro city offices carrying out ticket sales and back-end services.
Jet Airways had refused to comment on its restructuring exercise then.
Jet has already slashed perks and salaries in the range of 5-25 per cent of its management staff drawing a gross of Rs 75,000 and above.
The airline calls the cuts temporary in nature.