Friday, October 17, 2008

Jet to take back 1,900 employees

Jet Airways today decided to withdraw plans to layoff 1,900 employees...

Naresh Goyal, chairman, Jet Airways said: "My conscience does not allow me to look only at the economics....when I saw tears, I could not sleep.... I want to see happy faces...."

Goyal added that he was not acting under pressure...

An emotional Goyal said economics of the company will be taken care off by all the employees together. He denied that the move to layoff employees had anything to do with the alliance proposed with Kingfisher Airlines.

"Don't ask me any more questions... I am emtionally disturbed... I hope as head of the family, I have taken the right decision...."

The plan of Jet Airways to layoff 1,900 employees had seen Maharashtra Navnirman Sena (MNS) leader Raj Thackeray threatening to stop Jet's operations in Mumbai and Maharashtra.

Goyal, sources said, had met political leaders across the spectrum today before announcing this decision.

Shirish Parkar, a senior leader of MNS, said the Jet management had acted in haste..."they did not look at options... employees were ready for pay cuts...We are happy that Raj Thackeray took up the issue..."

He added that Jet officials wanted to talk to Thackeray who refused to speak till all the employees were taken back by the management.

Monica Gawande, a Jet staffer who was asked to leave, thanked Thackeray for taking up their cause and settling the crisis.

1 comment:

Apun Ka Desh said...

This is a bad for business and employment both. It is a LOSE-LOSE situation.

Companies will be loath to hire anyone, thereby lakhs of jobs will no longer be created.
Companies would shy away from setting up in India.

If Employees can resign and go anytime citing better opportunities, why can't employer ask a employee to leave citing bad economic conditions?

For readers to chew on:
Jet has defaulted on payment for ATF Fuel in the last week. What does it say about its condition?