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Indian airline SpiceJet plans to lay off 1,400 employees in a bid to cut costs and attract investors, according to media reports, a figure that includes 15 percent of the company’s total workforce. .
The company has been delaying payroll payments for months, with many employees claiming they haven’t received January’s paychecks, so layoffs are being cut to align company-wide costs with business needs. is being carried out. “The airline has initiated several cost-cutting measures that are expected to help save Rs 100 crore annually.Following the recent capital infusion, as part of its restructuring and cost-cutting strategy, SpiceJet has announced “We aim to achieve profitable growth and position ourselves to take full advantage of the opportunities in the Indian aviation industry. Expected savings of Rs 100 crore,” the report added.
The company is looking to secure a capital infusion of Rs 2,200 crore and the company is bullish about the infusion. SpiceJet currently has 9,000 employees and operates a fleet of about 30 aircraft, including eight wet-lease aircraft from foreign airlines.
Aviation regulator DGCA has imposed a fine of Rs 3 million on SpiceJet for failing to register pilots operating in poor visibility conditions.
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