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To battle ongoing financial trouble, Jet Airways trims staff, operations: Report

Jet Airways has also grounded about eight planes which include one Airbus330, one Boeing 777, two Boeing 737s and three ATRs at Chennai airport and an Airbus A330 in Mumbai.

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To battle the ongoing financial trouble, Jet Airways reportedly has slashed its work force and operations. According to a report in the Economic Times, around 15 people at manager and general manager level positions in various departments such as engineering, security and sales have been asked to leave this month. 

The newspaper cited sources as saying, "A few, but not all of them were aged. There was a lull in September but now the pink slips have begun again." The source further added that the airline will witness more exists. 

Jet Airways has also grounded about eight planes which include one Airbus330, one Boeing 777, two Boeing 737s and three ATRs at Chennai airport and an Airbus A330 in Mumbai. The source further told ET that said engines have been dismounted from the grounded planes which suggest that these planes may remain grounded for six months or longer. 

Earlier, Jet Airways has said that it will disburse 25 per cent of the September salary to its pilots and engineers along with the senior management on October 25th. The airline, however, in a communication to these categories of employees did not give any time line on the payment of the rest 75 per cent of the salary for last month.

The airline has over 16,000 employees on the payroll. Jet Airways has been delaying payment of salaries to these categories of staffers since August.

"We would like to inform you that the first tranche (25 per cent) of September salary will be remitted on the forthcoming week of October 25," Jet Airways Chief People Officer Rahul Taneja said in the communication.

While there is delay in the payment of the September payroll, please be reassured that the company remains committed to honour its obligation and is making every possible effort to release the remaining amount at the earliest, Taneja added in the communication.

Jet Airways spokesperson was not available for comments when contacted.

On September 6, after it defaulted on payment of August salary, the airline had informed that the salary of these three categories of staffers would be paid in two tranches - on 11th and 26th of the month - till November.

As per this payment schedule, the August salary was to be paid on September 11 and September 26.

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