Debt restructuring helped the company to lower down interest to 11% and save ₹500 crore/year as interest cost. But high leverages and increase in cost lead the company to liquidity and created following payment problems. Delayed Salary By 2010, Kingfisher Airline had the staff strength of 6,000 and used to spend ₹ 58 crore on salaries every month. According to the financial results of first quarter of year 2011, it had ₹ 174 crore under the segment of employees cost, which increased from ₹163 crore during the same year. From August 2011 to January 2012, Kingfisher Airlines was unable to pay salaries to its employees which lead to agitation by the employees.
Powers customer service oriented airline among low-cost carriers. With the debacle that happened JetBlue must take airline customer service to even a higher precedent as issues such as passenger rights, getting planes off the ground on time, and employee empathy are addressed  David G. Neeleman the founder and CEO of JetBlue airlines said he was humiliated and mortified by the huge breakdown in the airline’s operation. He also admitted that the current crises which led to about 1,000 cancelled flights in five days, was the result of a shoestring communications system that left pilots and flight attendants in the dark, and undersized reservation systems. Later he changed his position but still remained in the company.  Jet Blue was in real need to take back the lost reputation they tried to asked their internal OD consultant to go for all the details .After synthesizing the data, the OD consultant met with SOC (service operation center)leadership to interpret the data during a one-day working session.
More than 11.3 million immigrants came to the U.S. in 2016. Each year, approximately 300 thousand immigrants get deported, which means they get sent back to their original country . Some people may think positive about immigration however, immigration is negative due to economic issues, mass deportations, and terroristic threats. Illegal immigration hurts the economy because the more immigrants that come in, the more money that the government loses. For example, the U.S. government loses over 116 million dollars each year and the number keeps rising as more immigrants come in.
Malaysia Airline is operating in a mature and cyclical product market as there are a lot of airlines competing with him for a share of the market and the air tickets are actually seasonal goods which the demands are fluctuating. A chronically loss-making enterprise, Malaysia Airlines saw it finances turn completely unsustainable in 2014. It posted a second-quarter net loss of MYR305.7million (USD95.1million) exacerbated by the presumed missile strike of MH17 and the loss of MH370 tragedies. The incidents claimed the lives of 524 passengers and crewmembers and led to decision to furlough 30 percent of the airline’s workforce and remove several routes from its long-haul network in favor of Asian regional
(c) “Acute job insecurity at the individual level” is often experienced when there is an obvious fact that there will be job loss. (d) “Anticipation of job loss” that occurs when downsizing has begun in real terms. Workplace stress derives from many sources. It can be a demanding boss, annoying co-workers, rebellious students, angry customers, hazardous conditions, long commutes and a never-ending workload. Your work performance is also affected by stressors such as family
Many CEOs don’t accept an ownership structure so then they would get fired right away. C. Things to do that will get you fired 1. Mr. Griffin had no idea what to do as a CEO at time INC so he spent millions on multiple consulting firms. 2. Spending millions or making a big mistake will cost you your job as a
Employers are losing ground in their battle against it. According to the 16th annual CCH Unscheduled Absence Survey, employers are struggling to find effective programs that keep healthy workers on the job because unscheduled absenteeism can cost large companies an estimated $850,000 per year. The 2006 survey revealed an absenteeism rate of 2.5 percent—that’s up from 2.3 percent in 2005, 2.4 percent in 2004 and 1.9 percent in 2003. Absenteeism has a material effect on the bottom line of most companies, yet few managers really understand the magnitude of the problem at their company. The unscheduled absenteeism rate in the U.S. hourly workforce is approximately 9%; almost one in ten workers is absent when he or she should be at
It has been reporting losses from past 5 quarters. DGCA( Directorate general of Civil Aviation) has ordered SpiceJet “No advance booking beyond a month”, as SpiceJet have frequently cancelled flights, 1861 flights up to December 31.The fall will create bad name for industry as a whole and might lead to blacklisting by banks, aircraft makers and leasing companies, as well as airport operators and fuel suppliers, both in India and abroad. Though Chief executives of foreign airlines don’t see the fall of SpiceJet as big blowback to Indian aviation industry, they think this is high time that government looks into the root causes of failure and act upon issues like high airport fees and fuel taxes to make environment more investment
But if the same supervisor engages in aggressive and punitive behavior, it results in harassment at the workplace. Thirdly, lack of transparency demotivates employees. When employees are not informed about decisions, they will make their own assumptions which can spread rumors. This can hurt the image of the organization and also destroy trust in the management. Lastly, bullying or harassment can make employees scared and demotivated.
Two years after Idris Jala resignation, MAS is having the most historic losses in the airline industry, which is a shocking loss of RM2.5 billion in 2011. Some says the cause of the losses in Malaysia Airlines (MAS) is due to: • Malaysia Airlines sees weak and unable to compete with other airlines • Weak management • Changes in union • Government intervention