This article is more than 2 year old.

Jet Airways reportedly trimming workforce, operations as it looks to cut costs

Mini

Jet Airways is cutting down its workforce and operations in order to overcome its worst financial crisis, reported The Economic Times.

Jet Airways reportedly trimming workforce, operations as it looks to cut costs
Jet Airways is cutting down its workforce and operations in order to overcome its worst financial crisis, reported The Economic Times.
Nearly 15 people serving at manager or general manager level in various departments have been asked to leave the firm this month, the report said citing a person familiar with the development.
In addition to a reduction in the workforce, the report said that the carrier has also cut down its flight services. The report said that the carrier has grounded eight of its planes at the Chennai and Mumbai airports including two Airbus A330, a Boeing 777, two Boeing 737s and three ATR turboprops.
Engines of all the grounded planes have been removed meaning that the planes will remain grounded for at least six months, said the report.
 
Have you signed up for Primo, our daily newsletter? It has all the stories and data on the market, business, economy and tech that you need to know. 

Market Movers

CompanyPriceChng%Chng
ICICI Bank676.65 20.70 3.16
ITC212.40 5.40 2.61
Wipro599.15 14.95 2.56
SBI Life Insura1,050.45 24.45 2.38
SBI428.90 6.85 1.62
CompanyPriceChng%Chng
ICICI Bank676.65 20.85 3.18
ITC212.35 5.30 2.56
SBI429.15 7.15 1.69
HCL Tech994.25 15.65 1.60
Axis Bank755.25 8.75 1.17
CompanyPriceChng%Chng
ICICI Bank676.65 20.70 3.16
ITC212.40 5.40 2.61
Wipro599.15 14.95 2.56
SBI Life Insura1,050.45 24.45 2.38
SBI428.90 6.85 1.62
CompanyPriceChng%Chng
ICICI Bank676.65 20.85 3.18
ITC212.35 5.30 2.56
SBI429.15 7.15 1.69
HCL Tech994.25 15.65 1.60
Axis Bank755.25 8.75 1.17

Currency

CompanyPriceChng%Chng
Dollar-Rupee74.4000-0.0600-0.08
Euro-Rupee87.5450-0.0830-0.09
Pound-Rupee102.3880-0.0780-0.08
Rupee-100 Yen0.6730-0.0030-0.44