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Jet Airways to lay off over 600 employees to "rationalize" operations

Mumbai, Oct 15 ANI: A day after its partnership with the Kingfisher Airlines, Jet Airways is expected to lay off more than 600 cabin crews and customer care executives today, in a bid to "rationalize" its operations.According to sources, the unconfirmed staff workers are being laid off on a 30-day compensation package.The move came after Jet Airways and Kingfisher Airlines formed alliance that will help both carriers to significantly rationalize and reduce costs and provide improved standards of service and a wider choice of air travel options to consumers with immediate effect. The two airlines will be able to rationalize their operations and derive the maximum synergies, thereby offering the best possible fares for the benefit of the consumers. The alliance will also enable a stabilization of the Indian aviation industry in the larger public interest for the benefit of the customer during the current downturn of the world economies.The partnership will bring together two of India's largest carriers with innumerable benefits in terms of cost savings, revenue improvement and an unprecedented network.Over the past six months, the Indian Aviation Industry has suffered due to high fuel prices, back-breaking taxation, excessive airport charges and over-capacity.ANI