Business Standard

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

Jet Airways
Premium

Jet Airways' employees in lower grades, cabin crew members and pilots have not been impacted by the cost-cutting measures

Deepak Patel New Delhi
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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 18 2022 | 8:14 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com