In a unique way to put a cap on extra expenses, Indian airline Jet Airways has asked its pilots to avail at least 10-day off per month starting August 1 or leave the job and find other alternative opportunities.
In a statement issued by the airline, said that the move was to ensure their “continued employment, while simultaneously balancing cost structure” for the company.
“As a valuable asset to the company, we would like to ensure your continued employment, while simultaneously balancing our cost structure. As an interim measure, we shall be offering you a Lifestyle Work Pattern which entails to Days Block Off per month with the appropriate remuneration,” read the statement.
The move once into action will mean at 30 % salary cut for the pilots and as much as saving for Jet Airways.
Going further, the company has given an ultimatum to the pilots to accept the offer or leave job for “alternate opportunities”.
“In case you do not wish to accept the above terms, and desire to seek alternate opportunities, within the industry or outside, you may revert by July 31, 2017,” the statement read further.
Speaking to the media, Jet Airways spokesperson said, “Certain developments in the market, including that of the Gulf region, as well as our continued efforts to enhance internal efficiencies, have resulted in the review of our network, fleet and crew utilisation. Consequently, as a proactive measure, the Company has made interim alignments to its crew work patterns, which will be reviewed in future, in line with network growth.”
Well over 320 junior co-pilots are certain to get affected by this cost-cutting measure by the company.
“We look forward to restoring your original work pattern in the near future,” said Jet Airways.
Jet Airways has a total debt of Rs. 9000 crore out of which Rs 2,800 crore is related to aircraft in its fleet.For all the latest Business News, download NewsX App