Jet Airways lays off around 110 employees

02 May 2009

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.