Jet Airways sends 10% staff on LWP, cuts salaries of another 23%

CEO Sanjiv Kapoor said on Twitter on Friday that "two-thirds of staff are not impacted at all" by the cost-cutting measures

The Jalan-Kalrock consortium (JKC) has sent 10 per cent of the employees of Jet Airways on leave without pay (LWP) and reduced the salaries of another 23 per cent to cut cost as it waits for the airline’s handover under the ongoing process in the National Company Law Tribunal (NCLT).

Sources said a section of mid- and senior-level employees had been asked to work for a “reduced number of hours” at salaries reduced by up to 50