Reliance to downsize staff in jet fuel division

Mumbai: Reliance Industries (RIL) has decided to downsize the employee strength in its aviation turbine fuel (ATF) business following the poor performance of the aviation industry. As a first step, the company has issued termination letters to over 20 employees at its fuel farm at the Hyderabad international airport, sources close to the development said.
“The company looking to cut its work force in Varanasi, Raipur, Jabalpur, Gaya, Jaipur, Lucknow and Calicut due to the slump in the ATF business. Overall 140 employees are working in the ATF division, which began operations last year,” the sources said.
In the termination letters, RIL mentioned that the business has been impacted by the slowdown and the company was not in a position to continue with their employment. Employees who would resign will get one month's salary as compensation. When contacted, an RIL spokesperson declined to comment on the development.
04/12/08 Nevin John/Business Standard

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Categories: Airports Dec 2008, Indian Aviation- In General Dec 2008