In recession time, Jet cuts the fat; 1000 lose jobs

As aviation CEOs meet in Hyderabad to sort out the crisis that has hit their industry, 1000 Jet Airways employees have been sacked.  They include mostly cabin crew and engineers.

Jet says the sacked employees were probationers who will be given 30 days pay.
This is part of a major cost-cutting exercise citing the company’s poor financial health. The move comes a day after Jet tied up with Kingfisher Airlines.
Jet Airways chairman Naresh Goyal has said that only those whose jobs were not confirmed have been laid off. He went onto say that the process will allow them to allocate resources to existing employees.

Source: NDTV

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