Showing posts with label Airline Job Cut. Show all posts
Showing posts with label Airline Job Cut. Show all posts

Thursday, 16 October 2008

Air India Leave Without Pay offer to 1500 employees: Lay off Job Cut Indirectly?

Another bad news for the Aviation sector employees. Yesterday, it was the Jet Airways which went for lay off 1900 employees, before that, it was Kingfisher Airlines which has declared Kingfisher Lay off and now, the government owned Air india has decided to offer Leave Without Pay for more than 15000 employees for a period of 3 to 5 years. Isn't this an indirect Lay off or Job Cut by Air India?.
Air India Leave Without Pay
This news has sent ripples of fear among the employees of the state owned aviation company. On one hand, employees were expecting good salary since their government sector jobs made them happy about the implementations of the Sixth Pay Commission. And now, since there will be Leave Without Pay, so no pay, so no increased salary. Indeed, Bad, Bad and Bad times.

As per CMD of AIr India, Mr. Raghu Menon - "We are planning to offer leave without pay for three to five years. We can consider it for about 15,000 employees".

He, however, said those who take up the offer to go on leave would be taken back if they desire so at the same seniority and last drawn pay.
Though this is only a proposal and has to be presented to the company board for its approval before it is implemented, but the happenings in the world financial markets and the latest one being the Jet Airways Lay offs in India, has sent worrying ripples among the Air India Employees.

The government yesterday had, however, ruled out any job cuts in Air India with the civil aviation minister Praful Patel assuring employees that there were no plans to prune staff strength immediately.

As per the news, The 77-year-old state carrier, which initiated a fleet renewal programme three years ago and merged with its sister airline Indian last year, has proposed infusion of Rs 1,000-1,500 crore of equity capital. It is also looking at soft loans of Rs 1,000 crore from government that can be repaid over a period of time. According to industry experts the coming together of Jet and Kingfisher could further mount the problems for Air India.
Lets hope that all goes well for the affected Air India Employees and alternative jobs may be available to them during these times of crisis.

Tuesday, 14 October 2008

Jet Airways Lay off Job Cut: Jet Airways fires 600 employees

Another bad news for the Aviation sector employees. A few days back it was Kingfisher Airlines which has declared Kingfisher Lay off and now after the news of a possible merger or sharing with Jet Airways, the Jet Airways has decided to go for Jet Aiways lay off or Jet AIrways Job Cut.
Jet Airways Lay off Job Cut
This news about Jet Airways lay off is significant, as it comes within a day after the news of a possible alliance with Kingfisher Airlines.

How Many employees will be fired in Jet Aiways Lay off Job Cut?
As per the news, Jet Airways has decided to lay off 600 of Jet Airways employees.

Which department empoyees will be fired in Jet Aiways Lay off Job Cut?
The Jet Airways would lay off employees from the cabin crew, pilots, ground staff, airport services and management departments. It is reported that these all are relatively new employees as many of them have been in the company for less than six months.

What all are the possible points of joint alliance of Jet Aiways & Kingfisher Airlines?
After the alliance, Jet Airways and Kingfisher Airlines have decided to code-share on domestic and international flights, undertake joint fuel management and common ground-handling services and cross-sell flights through the global ticketing system.

This is the third time that the airline is cutting its workforce. After acquiring Air Sahara in 2007, the carrier had cut staff by 1,200 and in August 2008 JetLite offered a voluntary separation scheme to over 700 employees.

Kingfisher Airlines and jet Airways have a combined strength of around 19,000 employees with 189 aircraft for 927 domestic and 82 international flights.

Tuesday, 7 October 2008

United Airlines Lay off Job Cut: United Airlines Fires 414 employees

The turmoil is spreading its wings to all the sectors it seems. United Airlines has recently informed that it is set to go for a major layoff, the second round of United Airlines layoff job cut. The United Airlines has told the mechanics union at San Francisco International Airport that it will lay off as many as 414 workers beginning December 7, 2008. The United Airlines Lay off is being said to be a part of its efforts to go for cost cutting measures.
United Airlines Lay off Job Cut
In the United Airlines Lay off workers will be asked to leave as a second round of layoffs announced this year. The first round ended Friday, during which time 137 workers were asked to leave.

As per the news, United Airlines said in a statement released Tuesday: "As we reduce the size of our fleet and take actions companywide to enable United to compete in this challenging economic environment, we must take the difficult but necessary step to reduce the number of people we have to run our business."

How will the employees of United Airlines be asked to leave after the United Airlines Lay off Job Cut?
A seniority system is in place and the United workers with the least time of service are the first to be laid off. Many of the workers had been assigned the Boeing 737, but United is grounding the older fleet and so that work is going away. They also need to honour the state law that 60 days' notice be given of layoffs, United said in a letter to an official of the California Employment Development Department dated Sept. 29 that 414 employees at the maintenance facility will be laid off Dec. 7 or within two weeks beginning that date. The letter, obtained by The Chronicle, said United cannot predict whether these layoffs will be temporary or permanent.

Copyright Information:
© http://invest-n-trade.blogspot.com
Please see Our Copy Right Policy. All the articles, posts and other materials on this website/blog are copyrighted to the owners of this portal. The content should NOT to be reproduced on any other website or through other medium, without the author's AND owners' permission.

DISCLAIMER: Before using this site, you agree to the Disclaimer.

About UsAdvertise with UsCopyRight Policy & Fair Use GuidePrivacy PolicyDisclaimer