Kingfisher Airlines mulls 2,000 job cuts, longer work-hours

New Delhi: In a major cost-cutting exercise, private sector air-carrier Kingfisher Airlines is believed to be considering about 2,000 job cuts and longer working hours for its staff, among various options.
While e-mailed queries sent to Kingfisher Airlines in this regard remained unanswered, industry sources said the debt-ridden carrier could also abstain from any major hiring activities at least till August 2012.
Sources said the carrier is looking at about 2,000 job reductions by July and the exercise could affect various positions at mid-manager level in its corporate offices and also at cabin crew and attendant levels, among others.
At the same time, the airline, a part of Vijay Mallya-led UB group, could also consider increasing the working hours of staff being retained.
It would pay higher incentives and allowances to the staff working longer hours, but the move could still help it cut employee expenses drastically as costs could be double for hiring fresh employees, sources said.
04/01/12 PTI/Economic Times

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Categories: Kingfisher Jan 2012