JetLite to cut staff by a third

Mumbai: In a major restructuring exercise, JetLite, the Naresh Goyal group’s value carrier, will be trimming its 2,300 staff strength by roughly a third to cut costs and integrate some key functions with its flagship carrier Jet Airways.
Confirming this, Jet Airways’ CEO, Wolfgang Prock-Schaeur, said, “In the process of integrating the airlines, which is a must to keep JetLite afloat, there will be a shift of certain employees from JetLite to Jet and the workforce for both the airlines will be combined.”
He added that “the majority of the workforce — at least two-thirds — will be integrated with Jet” and others will get a voluntary separation scheme.
The company was not, however, ready to discuss details of the VSS for employees, but said it would be an “attractive one”.
A JetLite executive said the downsizing will take place in functions such as airport services, security, sales and marketing and HR.
12/09/08 Business Standard

To Read the News in full at Source, Click the Headline

Categories: JetLite Sep 2008