HR ISSUESHR ISSUES

JOB CUTS -pink slip to 1000 of its employees, JOB CUTS -pink slip to 1000 of its employees, all probationary and temporary workers, across all probationary and temporary workers, across all categories and departments by Jet AIRWAYSall categories and departments by Jet AIRWAYS

30-day compensation package 30-day compensation package Retrenched Jet Airways staff staged protests in Retrenched Jet Airways staff staged protests in

Mumbai and Delhi Mumbai and Delhi 800 cabin crew &137 co-pilots by Kingfisher800 cabin crew &137 co-pilots by Kingfisher SALARY REDUCTION of trainee pilots by SALARY REDUCTION of trainee pilots by

KingfisherKingfisher

Why did this alliance take place?Why did this alliance take place?

global financial slump & surgeglobal financial slump & surge in oil prices in oil prices Declined demandDeclined demand Each Jet and Kingfisher wereEach Jet and Kingfisher were losing up to Rs 10 crore daily. losing up to Rs 10 crore daily. Banks were not willing to lend money Banks were not willing to lend money to the "risky" aviation business. to the "risky" aviation business. cutting flights and laying off staffers dint helpcutting flights and laying off staffers dint help To save as much as 15 billion To save as much as 15 billion rupees ($309 million) rupees ($309 million)

Domestic air travel grew by 40% in 2006 and 30% in 2007. However, Domestic air travel grew by 40% in 2006 and 30% in 2007. However,

since June 2008 demand has been fallingsince June 2008 demand has been falling

At least 50% share at top six Indian At least 50% share at top six Indian airportsairports