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Explained: What exactly is happening at Jet Airways

Source : 36   On   05 Aug 2018
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NEW DELHI: The news of Jet Airways telling its employees to take salaries cuts has sent shock waves in the sector. Most airlines are battling challenges on the profitability front but the salary cuts at Jet have highlighted the problem starkly. Jet has informed its employees that the airline would not be able to operate beyond 60 days unless cost-cutting measures, which include pay cuts, are put in place, according to ET report that cited sources.