News »Browse Articles »
Kingfisher to lay off around 100 pilots
0
Kingfisher to lay off around 100 pilots
100 pilots will be sacked by Kingfisher Airlines, on grounds of huge business losses and capacity reduction. These pilots were already working on 80 percent salary cut.
These pilots have completed their probation and all endorsements, but the company has decided not to renew their service contracts in view of the huge losses and capacity reduction, sources told PTI here today. Their contracts would not be renewed as and when they expire and hence the job cuts would be carried out in a phased manner, they said.
The pilots, who are planned to be phased out, belong to both Kingfisher and the erstwhile Air Deccan, the sources said, adding that they were grounded last year after the merger. When contacted, a Kingfisher spokesperson denied "sacking" of any pilot. Such measures are "however inevitable due to the market conditions," a company official said.
Kingfisher has reported a net loss of Rs. 418.77 crore during the second quarter of this fiscal. Its income from operations also declined by 13.6 per cent during the quarter compared to the same period last year.
Source:
http://www.siliconindia.com/shownews/Kingfisher_to_lay_off_around_100_pilots-nid
These pilots have completed their probation and all endorsements, but the company has decided not to renew their service contracts in view of the huge losses and capacity reduction, sources told PTI here today. Their contracts would not be renewed as and when they expire and hence the job cuts would be carried out in a phased manner, they said.
The pilots, who are planned to be phased out, belong to both Kingfisher and the erstwhile Air Deccan, the sources said, adding that they were grounded last year after the merger. When contacted, a Kingfisher spokesperson denied "sacking" of any pilot. Such measures are "however inevitable due to the market conditions," a company official said.
Kingfisher has reported a net loss of Rs. 418.77 crore during the second quarter of this fiscal. Its income from operations also declined by 13.6 per cent during the quarter compared to the same period last year.
Source:
http://www.siliconindia.com/shownews/Kingfisher_to_lay_off_around_100_pilots-nid
