Tag: cost cut

Jet Airways Ltd has told its pilots that the airline may be grounded in 60 days unless cost-cutting measures including pay cuts are put in place, as reported by Reuters on Friday, 3rd July 2018. Following the acute financial stringency, the authorities had requested the pilots for a 15 per cent pay cut for two years to withstand the turbulent situation, however the pilots did not agree with the proposal so far. The company was looking in to all the possible areas to reduce the running cost and for savings to create a “healthier and a more resilient business”, a ... Read more