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Jet Airways lays off 110 employees

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Press Trust Of India Mumbai
Last Updated : Jan 20 2013 | 8:47 PM IST

Faced with mounting costs and falling revenues, private airline Jet Airways has laid off 110 employees.

Of these, 50 are contract employees who have “superannuated”, while another 60 are probationary cabin crew.

A Jet Airways spokesperson said, “these cabin crew were in their probation period and the airline has decided to terminate their contracts. However, the termination is in accordance with law and their service conditions.”

On the decision of not renewing the contracts of its 50 employees, Jet said these employees had superannuated.

“Jet Airways undertakes additional measures to streamline costs to improve the financial health of the company under the challenging global economic environment. The airline has issued notices of termination to identified employees on contract, who have superannuated,” the spokesperson said.

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