In an Indian airline, Jet Airways, some of its senior management executives, pilots, and cabin crew left the airline on December 26.
As per the reports, the pilots and cabin crew that have exited from the airline many of them were on standby. They have quitted Jet Airways to join other airlines. Among the senior executives, Vice Presidents of Engineering and Human Resources have left the organisation.
The reports have also marked the following development:-
- Jet Airways vice president of in-flight services, Mark Turner is sent on leave without pay.
- Few of the managerial staff are on leave without pay.
- Several numbers of those employees who have resigned were on salary cuts.
- The airline’s chief executive officer Sanjiv Kapoor and chief financial officer Vipula Gunatilleka continue to “remain on reduced pay”
A Jet Airways spokesperson declined to comment. Earlier, the carrier had reduced salaries for various staff and send many employees on LWP amid uncertainty over its future course.
In October, the National Company Law Appellate Tribunal (NCLAT) directed the consortium to pay the unpaid provident fund and gratuity dues of employees of the carrier.
Against that backdrop, the consortium, on November 18, said it might take “difficult” near-term decisions to manage cash flows.
“… while we await the handover of the company as per the NCLT process, the longer-than-expected time being taken for the same may result in some difficult but necessary near-term decisions to manage our cashflows to secure the future, while the airline is still not in our possession,” it had said.
As per earlier reports of November, Jet Airways decided about 60 percent of its employees to leave without pay (LWP) from December 1 for three months.
Some of the senior management will also be part of LWP. The airline has also cut some employees’ salaries by up to 50 percent. The quantum would be higher for the CEO and CFO.
Sanjiv Kapoor CEO, Jet Airways shared the information through a Twitter handle saying, “All staff will be paid full salaries for Nov 2022, the measures are effective Dec 1.”
“Two-thirds of staff not impacted at all. In July it was expected the ownership would transfer imminently. That has not happened, unfortunately”, he added.
The action followed a stalemate between promoters Jalan-Kalrock Consortium (JKC) and its lenders as they delayed the airline’s relaunch. Earlier, it was expected the airline will start operations from October 1 onwards.
