New Delhi: Kingfisher Airlines sources denied restructuring saying that closing down of offices across India temporarily was due to curtailment of flights from 64 aircraft to 16 aircraft.
Kingfisher Airlines on Tuesday issued a statement, saying that there will be no lay-offs as of now. "Operations to several stations are temporarily suspended. Staff at these stations have been asked to stay at home but they are still on company payrolls," the statement said.
Kingfisher sources said salaries will be paid in phased manners once they get the money. Kingfisher Airlines is likely to make a statement on Tuesday regarding its future plans.
This came after there were reports that crisis-hit Kingfisher Airlines was likely to announce a major restructure plan soon. Sources had said Kingfisher's restructuring was aimed at trimming costs and operations. The restructuring plan is likely to be implemented from April 1.
Source said the plan would include lay-offs and even shutdown of offices. In certain cities across India, Kingfisher Airlines is mulling temporary suspension of its centres. Kingfisher Airlines has 7,000 employees on its payroll approximately.
Earlier, Kingfisher Airlines had decided to suspend all international flights from March 25 and further curtail domestic operations even as Government warned the ailing carrier that its flying licence could be cancelled if it failed to meet safety norms.
27/03/12 CNN-IBN/IBN Live
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