Aviation

Jet Airways trims workforce to cut costs

MUMBAI

Jet Airways, which posted a cumulative loss of about Rs 1,600 crore for the April-December period of 2013, is trimming its workforce to cut costs. While retired employees who had joined the airline on a contract basis have been asked to leave, the number of ground-handling staff, including loaders and drivers hired from agencies, is also being pruned.

As of March 2013, the company’s employee strength stood at about 12,000. On a standalone basis, the airline’s employee remuneration cost for the first nine months of 2013-14 was Rs 1,368 crore, 18 per cent higher than in the corresponding period of 2012-13.

Full report here Business Standard

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