LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

Forget pay delays, Jet Airways sacks 20 employees for this

Jet Airways had recently asked 15 senior level employees from various departments including engineering, security and sales, to leave the company.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Forget pay delays, Jet Airways sacks 20 employees for this
Jet Airways is partially-owned by Abu Dhabi-based Etihad Airways. Reuters
Written By: ZeeBiz WebTeam
Updated: Fri, Oct 26, 2018
06:44 pm
ZeeBiz WebDesk
RELATED NEWS
Kalrock Capital and Murari Lal Jalan plan for Jet Airways submitted to NCLT Kalrock Capital and Murari Lal Jalan plan for Jet Airways submitted to NCLT
Jet Airways may fly again in just months Jet Airways may fly again in just months
Jet Airways share price soars, hits upper circuit for 8th consecutive day, gives 261% return in 7 months Jet Airways share price soars, hits upper circuit for 8th consecutive day, gives 261% return in 7 months
Kalrock Capital-Murari Lal Jalan consortium wins Jet Airways bidding Kalrock Capital-Murari Lal Jalan consortium wins Jet Airways bidding
Stocks in Focus on August 25: LIC Housing Finance, Allcargo Logistics, Axis Bank to Phoenix Mills; here are expected newsmakers of the day Stocks in Focus on August 25: LIC Housing Finance, Allcargo Logistics, Axis Bank to Phoenix Mills; here are expected newsmakers of the day

Beleaguered airline Jet Airways has reportedly fired 20 employees including some senior-level executives to curtail costs. The employees were working in the airline's crucial in-flight services department. PTI quoted a source claiming that the Naresh Goyal-promoted airline has distributed pink slips to the employees this month.

Jet Airways has even delayed salaries of many employees in recent months. It had recently asked 15 senior level employees from various departments including engineering, security and sales, to leave the company.

It was speculated that the airline may sack around 500 ground staff to keep a check on its deteriorating financial health. Rising fuel prices, weak rupee and intense competition have added to the woes of the airline. The airline has reported a second consecutive quarterly loss in August.

Recently, three senior executives had resigned from the airline. According to a Business Standard report, the executives were head of cargo, information technology and revenue management.

The PTI source alleged that the airline has been sacking employees in small chunks to avoid outrage and attention. A Jet Airways spokesperson said that the airline has been evaluating all options to achieve better financial efficiencies.

The airline had reported a net loss of Rs 1,326 crore in the quarter ended June, compared with a net profit of Rs 58 crore in the year-ago period. Significantly, the airline had declared the June quarter results after delaying it for around two months.

Watch This Zee Business Video

Jet Airways is partially-owned by Abu Dhabi-based Etihad Airways.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Jet AirwaysNaresh Goyal
RELATED NEWS
Kalrock Capital and Murari Lal Jalan plan for Jet Airways submitted to NCLT Kalrock Capital and Murari Lal Jalan plan for Jet Airways submitted to NCLT
Jet Airways may fly again in just months Jet Airways may fly again in just months
Jet Airways share price soars, hits upper circuit for 8th consecutive day, gives 261% return in 7 months Jet Airways share price soars, hits upper circuit for 8th consecutive day, gives 261% return in 7 months
Kalrock Capital-Murari Lal Jalan consortium wins Jet Airways bidding Kalrock Capital-Murari Lal Jalan consortium wins Jet Airways bidding
Stocks in Focus on August 25: LIC Housing Finance, Allcargo Logistics, Axis Bank to Phoenix Mills; here are expected newsmakers of the day Stocks in Focus on August 25: LIC Housing Finance, Allcargo Logistics, Axis Bank to Phoenix Mills; here are expected newsmakers of the day

LATEST NEWS

PUBG New State: PUBG game developers preparing for 'exclusive' content | Check pre-register details, official trailer and more

Bonanza Portfolio highlights trading strategy in Big Bulls Rakesh Jhunjhunwala recent pick during Covid Lockdown

Easy Trip Planners IPO date: Axis Capital highlights - face value, price band and much more

JEE Main 2021 March application form released: See last date for application, exam dates and all other details here!

Yes Bank Share price I Anand Rathi maintains Sell rating with price target of Rs 14

Why Gold prices have got low and is it expected to fall lower? Should people be looking to invest in it?

HDFC Securities highlights that the Nifty has entered downgap area of 14919-15065 raising hopes of further upmove

Sharekhan retains Buy rating on Bharat Electronics Limited (BEL) with a revised price target of Rs 190

7th Pay Commission latest news today: DA hike, DR benefit, arrears, ease in LTC — updates that central government employees just cannot miss

IIFL Finance NCD issue: Opportunity to earn handsome money, Nirmal Jain tells Anil Singhvi in exclusive chat

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved