Kingfisher headcount falls 22 pc; more HR optimisation on card

New Delhi: Debt-ridden Kingfisher Airlines saw its headcount fall by over 1,600 people or 22 per cent in the last fiscal and the carrier is planning further measures for optimising its "human resources utilisation".
The airline had a total of 5,696 employees for the year ended March 31, 2012, down from 7,317 employees in the previous year, Kingfisher said in its annual report for 2011-12 released on Monday.
Costs towards employee remuneration fell by one per cent to Rs 669.5 crore during the year ended March 31, 2012, even as the pay package of its CEO Sanjay Agarwal rose sharply by about 90 per cent from Rs 2.12 crore to Rs 4.01 crore.
03/09/12 PTI/IBN Live

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Categories: Kingfisher Sep 2012