Kingfisher to cut 300 jobs

Mumbai: Barely a fortnight after it launched international operations and integrated low-cost carrier Simplify Deccan with it, Vijay Mallya-promoted Kingfisher Airlines plans to lay off at least 300 employees, official orders for which are to be conveyed on Monday.
he move closely follows a recent announcement by value carrier, JetLite, fully-owned subsidiary of Naresh Goyal-promoted Jet Airways, that it was downsizing by at least 750 employees. Confirming the move to Business Standard, Kingfisher Airlines in a statement said it was “part of a process of integration of the two entities”.
“We examined the complete organisation structure of the airline and mapped the skill sets of the existing talent pool with the projected talent requirements of the company,” the statement said, adding, “Many employees were counselled on their career path progression and best utilisation of their individual skill sets. As a result, a set of 300 employees have chosen to move on and have parted ways with the company and/or put in their resignations."
It is also believed that of the 300 employees, only five per cent are from Kingfisher Airlines, and the rest from the erstwhile Simplify Deccan.
Kingfisher Airlines is reported to have a payout bill of around Rs 2.5 crore for the severance package. The separation scheme covers 200 employees in the airline's security department, another 50 from flight operations and around another 50 from engineering and maintenance, according to company sources.
The airline has also confirmed deferring deliveries of at least 29 narrow-bodied aircraft and selling some of its wide-bodied A340 aircraft fleet. It is also restructuring its international operations.
22/09/08 Manisha Singhal/Business Standard

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Categories: Kingfisher Sep 2008