Entertainment Podium

Pink slips in Vogue: Ask Jet Airways

 

IT companies make a fashion statement in color PINK and the Aviation companies dont want to be left behind. Thats the story behind India’s largest corporate Lay-off club, whose newest members are Jet airways-Kingfisher. Jet Airways broke a Lay-off club record by issuing Pink Slips to nearly 1500 employees much to the commendation of its investors and its operational partner Kingfisher. As India eagerly invites MNC investors to invest in Indian companies we seem to overlook the fact that these so-called investors are not here to stay but to capitalize by investing in companies in booming Indian sectors and  as the demand subdues they exit out leaving a crippled company behind. A classic example of a Rape and Retreat plan. 

According to a stub on Pink Slips on Wikipedia: 

“Pink slip refers to the American practice, by a personnel department, of including a discharge notice (printed on pink paper) in an employee’s pay envelope to notify the worker of his or her termination of employment or layoff.”

As with everything else, India seems to welcome this Sarcastic, American Practice of issuing a pink slip with great flavour.  There might come a time when people in India frame the pink-slip issued by their company to show-off their Americanism. Sticking to where we started, we all understand that running an airline is not a joke, you have heavy operational costs and overheads to take care of, apart from worrying about rising fuel prices. But does that justify the fact that you fire 1500 employees, if you dont need them now, why hire them in the first place? The irony of the matter lies at the fact that, every single company boasts in their annual meet about their undying ‘love for their employee’ and about employees being the true asset to the company. If you cant save the jobs, atleast, please save the cliches.

Tags: jet kingfisher, Lay off, Pink slip

Jet Airways, Kingfisher come together

Vijay Mallya is known for his insolence and lavish style of living. When such a man goes for a compromise, you could imagine the sad state of affairs! The two giants of the Indian Aviation market - Jet Airways and Kingfisher have struck a deal to form an operational alliance in an effort to cut costs. The combined operations would command a market share of nearly 50%.

With both these giants of the Indian civil aviation industry teaming up, low cost air fares are likely to see the last rays of dusk. Kingfisher which was vehemently pursuing international exposure to give stiff competition to Jet, would now go light on the matter, its believed. The announcement of the deal would prove to be benificial to both the 10 crore a day loss making entities, which was instantly evident when the share prices of the two carriers surged into the sky!

Tags: jet airways, jet kingfisher, jet kingfisher deal, kingfisher, kingfisher jet, vijay mallya