Flyboy_se From Sweden, joined Feb 2000, 812 posts, RR: 5
Reply 4, posted (5 years 10 months 2 weeks 4 days 17 hours ago) and read 7266 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.
Congrats to all the employees who are now rehired.Must be great to have a boss like that
I prefer to be crazy and happy rather than normal and bitter
Lightsaber From United States of America, joined Jan 2005, 13018 posts, RR: 100
Reply 7, posted (5 years 10 months 2 weeks 4 days 13 hours ago) and read 6772 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?
Societies that achieve a critical mass of ideas achieve self sustaining growth; others stagnate.
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, 2967 posts, RR: 7
Reply 17, posted (5 years 10 months 2 weeks 3 days 18 hours ago) and read 3605 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, 117 posts, RR: 0
Reply 18, posted (5 years 10 months 2 weeks 3 days 18 hours ago) and read 3513 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, 393 posts, RR: 0
Reply 20, posted (5 years 10 months 2 weeks 3 days 11 hours ago) and read 3193 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, 2967 posts, RR: 7
Reply 22, posted (5 years 10 months 2 weeks 3 days 3 hours ago) and read 2978 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.
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.