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SpiceJet to cut 1,400 jobs to reduce costs

Mumbai: low cost carrier spicejet plan to retrenchment 1,400 employees – about 15% of this Number of Employees – By the end of March as part of its turnaround plan. Confirming the decision, the airline said the move will save it up to Rs 100 crore annually. Currently, the cash-strapped airline has around 9,000 employees.
“It currently operates about 32 aircraft and another ten aircraft on wet-lease, which have come with pilots and cabin crew,” an airline official said. He said that before Covid, till March 2019, the airline operated a fleet of 120 aircraft. , The layoffs will be limited to non-operational employees and will not include pilots and cabin crew members.

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