CorporateKingfisher gets tough on non-performing employees
Vijay Mallya-promoted Kingfisher Airlines is understood to have come down heavily on non-performing employees, even as a large number of its pilots are leaving the airline to join low-cost carrier Indigo and other rivals.
- UB mulls to raise $300-350 mn to reduce debt burden - Kingfisher asked to return parts leased from Lufthansa">Kingfisher asked to return parts leased from Lufthansa - Kingfisher Airlines' Q1 result under lens - MCF to invest Rs 500 cr in retail foray - Kingfisher rallies on GDR, rights issue plans - UB will be world"s No 1 spirits company next fiscal: Mallya
According to industry sources, the airline had sacked about five maintenance engineers on the ground of performance four weeks ago. Besides, a lady maintenance engineer in Delhi was also given the pink slip today.
When contacted, a Kingfisher Airlines spokesperson said as part of an ongoing performance review process, employees from all functions undergo routine performance appraisal exercise.
"Those who consistently fail to meet minimum acceptable performance standards of the company are offered three months window to look for alternate career options," he said without specifying further details.
Sources also said Kingfisher has lost quite a significant number of its pilots to low-cost carrier Indigo, but the exact number could not be ascertained.
"Too much is being read into the normal attrition rate," the spokesperson said without disclosing the number of pilots who have left the airline in the recent past.
Indigo officials could not be reached for comments.
Sources added the carrier has grounded at least 10 aircraft for repair and maintenance.
Kingfisher currently has a debt of Rs 6,000 crore and is planning to raise about $175 million before March next year.