SpiceJet plans to lay off 1,000 employees
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ANI
Facing a financial crisis, legal battles and other headwinds, the carrier may ask more employees to leave as it has more aircraft than are currently in service, said one of the officials familiar with the matter.
Mumbai Crisis-hit SpiceJet is planning to lay off at least 1,000 employees in the coming days. Officials gave this information on Monday. The airline has taken this decision as it moves towards reducing costs and streamlining the operations of its shrinking aircraft fleet. Facing a financial crisis, legal battles and other headwinds, the carrier may ask more employees to leave as it has more aircraft than are currently in service, said one of the officials familiar with the matter.
The official said the airline has about 9,000 employees. Consideration is being made to reduce the number of employees by 10-15 percent. Retrenchment is necessary to reduce overall costs and annual savings could be up to Rs 100 crore. A 15 percent cut would mean about 1,350 people would lose their jobs. Another official with knowledge of the matter said that there is a possibility of layoffs in all departments and the final list is being prepared. However, no official statement has been issued regarding the layoffs.
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