Mallya hints at more job cuts if slump continues
Kingfisher Airlines head Vijay Mallya on Monday indicated that if the slump in the market continues, more job cuts and lay-offs may take place in the aviation industry.
"If the slump in the market continues then the number of flights will have to go down…. and when we ground the planes it will have effects," Mallya, a former MP, told reporters outside Parliament. He was responding to a question on whether airlines may lay-off more employees in the near future.
He, however, refused to say whether he had met any minister or government official over the crisis in the aviation sector. Jet Airways chief Naresh Goyal today held a meeting with Finance Minister P Chidambaram.
Jet had recently removed 1900 employees only to reinstate them a day later, allegedly due to government pressure. However, Goyal had said that he changed his decision on humanitarian grounds.