Airlines feel price hike pinch, Go Air sacks 7

New Delhi: For seven employees of Go Air, Tuesday morning came as a rude shock. As they were about to enter the airline’s office at New Delhi airport, they were handed a pre-drafted resignation letter, on which they had to sign.
“We were forced to sign a pre-drafted resignation letter,” said one of them on condition of anonymity. “No notice or time was given to us. I am a family man and am literally on the street now.”
He said they were told about the development in the morning. “The company officials have told us we are being retrenched as the company is in losses and such an action is necessary.”
Reacting to the development, Jeh Wadia, managing director, Go Air said: “Yes we are downsizing the company. Since we have pulled out from some routes we need to downsize.”
Go Air’s 10 per cent cut in employee strength is perhaps only the first downsizing story in the Indian aviation sector.
Incessant hike in aviation fuel prices coupled with increasing operating costs has left the airlines in a financial tizzy.
02/07/08 Samiran Saha/Hindustan Times

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Categories: GoAir Jul 2008, Indian Aviation- In General Jul 2008