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Airlines forcibly take to downsizing
By siliconindia
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Wednesday, 24 September 2008, 16:34 IST
Mumbai: The slowdown has brought all Indian airlines under a similar consensus on downsizing its base as a measure to cut costs. While JetLite is expected to cut off its employee base by 750 employees, experts predict that Kingfisher shall bank on offering pink slips to 300 employees.
Infact, GoAir has already scraped off 150 employees from its total workforce. Apart from direct job cuts, there are other indirect measures employed by the airlines like national carrier Air-India is mulling sending employees on five-year leave without pay. Even SpiceJet may not renew expat pilots' contracts. After slashing off employees from the administration, security and flight operations, the airlines are being forced by the hostile operational costs to cut jobs even in technical departments like pilot training and engineering.
These companies are banking on the job cuts to save on their costs by atleast 
10 crore, with JetLite hoarding on 20-25 crore and Kingfisher saving around 10 crores annually.
10 crore, with JetLite hoarding on 20-25 crore and Kingfisher saving around 10 crores annually.