AA737-823 From United States of America, joined Mar 2000, 5334 posts, RR: 11 Reply 1, posted (4 years 7 months 5 days 19 hours ago) and read 6641 times:
Somebody will call him soft.
I say, GOOD FOR HIM.
Finally, management that isn't all about cold, hard numbers!
The world could use a little more of that right now.
TylerDurden From United States of America, joined May 2008, 852 posts, RR: 0 Reply 2, posted (4 years 7 months 5 days 19 hours ago) and read 6606 times:
Quoting AA737-823 (Reply 1): Somebody will call him soft.
I say, GOOD FOR HIM.
Finally, management that isn't all about cold, hard numbers!
The world could use a little more of that right now.
I'll be the first to say there way likely some threat of legal, corporate, or regulatory action here...
Not that I'm being cynical.
Flyboy_se From Switzerland, joined Feb 2000, 745 posts, RR: 6 Reply 4, posted (4 years 7 months 5 days 19 hours ago) and read 6530 times:
i am surprised they used the word sacked in a newspaper.Maybe my english is bad, but i thought it was a slang word.
Anyway,
Congrats to all the employees who are now rehired.Must be great to have a boss like that
HAIRyBUS From United States of America, joined Jun 2008, 74 posts, RR: 0 Reply 5, posted (4 years 7 months 5 days 19 hours ago) and read 6506 times:
"Naresh Goyal also mentioned that he did not took the decision of calling back the sacked employees due to any pressure- neither the management or any political. He said, “ The decision is my own.”"
No political pressure ..my brown *ss. Mr Raj Thackeray is the only reason for re-hiring all the fired employees.
AF-A319 From France, joined Oct 1999, 603 posts, RR: 4 Reply 6, posted (4 years 7 months 5 days 15 hours ago) and read 6116 times:
NG is just crazy....! Why didn't he prevent the sacking in the first place? He now appears as someone who's got no control over the management of his company...! Can anyone explain?
Lightsaber From United States of America, joined Jan 2005, 10649 posts, RR: 100 Reply 7, posted (4 years 7 months 5 days 15 hours ago) and read 6036 times:
From the link:
Quote: For me economics cannot be the sole factor and I will go ahead with my conscience.”
Does Jet have the cash reserves to be this generous? Its a great thing for the employees... but demand for air travel in India and to/from India is less than the supply... Something has to give. Airlines must be run as a business...
Has 9W received a cash infusion that I am unaware of?
HAWK21M From India, joined Jan 2001, 31201 posts, RR: 58 Reply 8, posted (4 years 7 months 5 days 13 hours ago) and read 5881 times:
Looks like political interference got NG thinking.Although his reason seems to be different.
I'm happy for those youngsters though.
Welcome Back.
regds
MEL
Abrelosojos From Venezuela, joined May 2005, 4915 posts, RR: 55 Reply 9, posted (4 years 7 months 5 days 12 hours ago) and read 5831 times:
Only in India . I am glad that protest have a place in a democracy. Now, Mr. Goyal needs to figure out how to take the airline back to black. I think he can do it.
Quoting HAIRyBUS (Reply 5): "Naresh Goyal also mentioned that he did not took the decision of calling back the sacked employees due to any pressure- neither the management or any political. He said, “ The decision is my own.”"
No political pressure ..my brown *ss. Mr Raj Thackeray is the only reason for re-hiring all the fired employees.
Always interesting to hear commentary on those outside India. I was actually at the press conference, and I was shocked at how emotional Mr. Goyal was. There may be political and other factors playing in the background, but I was actually moved by Mr. Goyal - a true achievement given how cynical I generally am.
In case you have not noticed, those dictating free-market policies that have gotten the world to a mess are the ones who are nationalizing the fundamental tenets of their economy. Surely, we can "learn" a few things.
Cricket From India, joined Aug 2005, 2936 posts, RR: 7 Reply 17, posted (4 years 7 months 4 days 20 hours ago) and read 2869 times:
I don't think it is all that cut and dried just yet. Jet's arrogant attitude towards PR blew up on their face, the company does not have an effective PR handler unlike Kingfisher which has Prakash Mirpuri who is extremely effective. I still believe, looking at the numbers, that Jet will 'remove' employees by far more insidious ways - not-confirming probationers, making sure people fail DGCA tests - there sare ways and means in India to get things done, and as much as I would like to see everyone keep their jobs, I would also like to see Jet survive...
QualityDr From United States of America, joined Sep 2007, 100 posts, RR: 0 Reply 18, posted (4 years 7 months 4 days 19 hours ago) and read 2777 times:
I wonder: Is it how he feels, or was he threatened? Last month while I was in India, a CEO of a multinational subsidiary was hunted down by amob of laid-off workers. IIRC, the term used was "bludgeoned to death.". And that mob wasn't nearly as big as 1,000 people!
Flyhigh@tom From India, joined Sep 2001, 337 posts, RR: 0 Reply 20, posted (4 years 7 months 4 days 12 hours ago) and read 2457 times:
To make matters clear...9W did not "sack" any permanent employees. It only sacked those that were on probation. IF my memory serves me right while i was on probation for 6 months, it clearly was said in my contract that i can be asked to leave on a 24hr notice period without any reason assigned.
9W actually went out of their way and gave a month's pay for those "sacked" employees.
I was reading on some of the news articles and was amazed on some of the quotes given by some of the "sacked" FAs. One of them was just a few months into her probation period and she claimed that she had bought a new car on installment basis and now that she did not have a job how was she to repay the car loan? I mean what the hell???? When i was under probation i never went out and bought brand new car!!!! I waited for 2 years before i purchased a brand new car!
Another FA claimed that she was getting a salary of only Rs 26000 per month. ie about $600 and she could not save anything out of that! My God, In India you can live life king size with even Rs 26000...even in Bombay. When i had a similar salary, 4 of us shared a 2 room apartment and we coudl save atleast 50% of our earnings. Now just because one leads a flamboyant lifestyle that they cannot sustain....they go about bashing the mgmt?
And what is the problem with Raj Thackrey? Is he blind to other industry sectors? why target only airlines which anyway are in deep red! As said by many here i guess it was his arm twisting tactics that has led 9w to rehire these probationers.
This is kind of a wrong precedent because this means in future 9w will not be able to "sack" nonperforming employees in their probation period!
Cricket From India, joined Aug 2005, 2936 posts, RR: 7 Reply 22, posted (4 years 7 months 4 days 4 hours ago) and read 2242 times:
Quoting Flyhigh@tom (Reply 20): This is kind of a wrong precedent because this means in future 9w will not be able to "sack" nonperforming employees in their probation period!
If I were those employees I wouldn't do the things they did, I am very sure 9W will not confirm any of those employees when their probationary periods end. Jet needs to appoint a better PR agency - no wait, they need to appoint a PR agency and a professional spokesperson not the irritable Saroj Dutta or the effusive WPS or the invisible NG.
I'm writing this as a business journalist who covers aviation - we all know that the situation is dire, and the airline industry in India, is for lack of another word f***ed. Jobs will go. Maybe not today, but they will go and there will be far more than 2000 jobs going. Watch this space.
Odysseus9001 From United States of America, joined Oct 2008, 119 posts, RR: 1 Reply 23, posted (4 years 7 months 3 days 23 hours ago) and read 2111 times:
Quoting Kiramakora (Reply 14):
Let me be on the list of people who say, Good for him, or them. This is not the way corporate thinking goes in the USA.
No BOD would put up with that kind of incompetence.
Are you kidding me? The events of the past 5 years have shown repeated examples of financial corporation boards who either have little idea of their business or did not perform their responsibility to the shareholders of their company. Being on the Board of Directors is not supposed to be the sinecure and status symbol that many directors seem to perceive it to be.
I would further add that in some of these examples, when they did represent the shareholders, they tended to favor short-term "grab and run" investors over long-term investors who would have a larger interest in the long-term health and profitability of a corporation, including investments in employees and equipment. Why else sell credit default swaps on securities of uncertain worth, if not blinded by short-term gain and perverse incentives embedded in CEO compensation packages approved by a board of directors?
I would make no assumptions about the effectiveness of any board of directors in any firm of any country without firm evidence of their competence and diligence, along with a balanced regulatory environment that ensures sufficient visibility for investors to make informed decisions.
Lightsaber From United States of America, joined Jan 2005, 10649 posts, RR: 100 Reply 24, posted (4 years 7 months 3 days 20 hours ago) and read 1986 times:
Quoting Flyhigh@tom (Reply 20): Now just because one leads a flamboyant lifestyle that they cannot sustain....they go about bashing the mgmt?
Are we talking India...or America?
How is Jet's cash position? Thanks in advance,
Lightsaber
26 WestWing: The initial reports implied that all of the initial 800 laid off employees were probationary employees, they were given a one month severance package
27 InitRef: And this round goes to NG: Anybody who thinks NG is not involved in day2day decisions at 9W is mistaken. e.g NG is on the phone with flight ops and t
28 WarRI1: I am the one who said good for him, this is not the way corporate thinking goes in the US. in reply 10. I would not want there to be any confusion wh
29 VonRichtofen: Given the events in the US economy over the last 6 months the USA isn't exactly seen as a bastion of executive competence either...
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