October 16, 2008
Jet Airways Axes 800 Jobs, More to Go in Cost-Cutting
In response to the declining traffic volumes and crisis of the global financial markets, India-based Jet Airways has axed jobs of around 800 flight attendants, who were recently recruited for a planned expansion program. The company plans to cut even more jobs, and the total has reached 1,900, according to media reports.
The airline has reduced the number of flights in its winter schedule by 15% than originally planned.
The company is also planning to release personnel in other categories. The other categories include probationary and unconfirmed personnel in other areas including cockpit crew and management personnel to reflect the lower number of flights and seats offered.