SpiceJet Shocker: 2000 employees likely to lose jobs, Kingfisher-like situation on cards?

New Delhi, Jan 20: SpiceJet Airlines, which recently had made headlines following its cancellation of flights across the country, is likely to take a tough decision. According to sources, the cash-strapped airline may show at least 2000 employees the door.

The mass layoffs might take place in the company as it has been trying to cut losses. Sun Group CFO recently hinted at the layoff saying that SpiceJet has to trim down huge manpower if it wants to stay in this sector. [SpiceJet revival: Singh says more investors to join in]

According to media reports, the latest decision has been taken followingKalanithi Maran's decision. The Maran family sold the low-budget airline to its Co-founder Ajay Singh.

Ajay Singh, a well-connected businessman who is also credited with coining Narendra Modi's pioneering slogan 'Acche Din' so far owned upto 5 percent of the airline.

Will SpiceJet face Kingfisher Airlines-like situation?

SpiceJet was forced to ground its fleet after suppliers refused to refuel the planes. This prompted speculations that it was heading towards a collapse. [Good Time to Worst Time: Vijay Mallya grounded for Kingfisher Airlines, SC shows him the door]

Incidentally, the situation arised just two years after the aviation giant Kingfisher Airlines imploded leaving billions of dollar in unpaid debt.

OneIndia News