Sunday, August 26, 2018

Jet Airways to relook into structure, costs at board meet


Mumbai: Organisational re-structuring, optimising sales and distribution costs, customising fares and redesigning its network are some of the issues likely to be discussed at the Jet Airways board meeting on August 27. The company has already said that apart from taking up the company’s unaudited financial results for the April-June quarter, cost reduction measures and a restructuring plan will be discussed.

Manpower rationalisation is important for Jet as it is considered to be top-heavy, with around 25 vice-presidents.

Though reportedly its top level executives have taken a pay cut of 35% and at VP level of about 25%, this is not considered enough and there’s scope for more cost-cutting, industry sources said. However, the company’s efforts to persuade its pilots to take a pay cut had failed recently.
26/08/18 Manisha Singhal/Financial Express

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