SriLankan hoping to reduce excess staff
The government is considering retrenching the excess staff of SriLankan airlines by measures such as Voluntary Retirement Schemes, a report says.
The airline will appoint a task force for the implementation of a proposal made by the committee appointed to look into the financial situation of the national career. The airline is estimated to have an excess staff of 2,000 and that some 1,000 employees are between the ages of 50 and 55.
By March 31, 2018, the national career had incurred a loss of US$107 million. The committee, in its report submitted to Public Enterprise Development Minister Lakshman Kiriella, said the airline is hopeful of reducing the losses and had recommended that legacy liabilities should be removed from the balance sheet as early as possible. Otherwise, it says the interest payable on loans would add up to the total loss incurred by the airline.
As for fleet rationalization, the report says the airline has started negotiations with AIRBUS for the cancellation of the orders placed for four new 350 NEO-300. The company has agreed to eight NEO 320 aircraft instead of the current order. It will be deliverable after 2023.
The committee has also recommended the curtailment of expenditure by 15 per cent for the next financial year.
(Source: Daily Mirror – By Kelum Bandara)
Latest Headlines in Sri Lanka
- NPP presents 7-point pledge on Easter Sunday Attack to Cardinal Ranjith April 18, 2024
- Dialog Axiata to acquire Bharti Airtel’s telecom operations in Sri Lanka April 18, 2024
- IMF ready to support Sri Lanka’s discussions with bondholders April 18, 2024
- Sri Lankan among NASA’s new crew for next simulated Mars journey April 18, 2024
- Court extends enjoining order blocking Sirisena from SLFP chairmanship until May 9 April 18, 2024
Good idea and about time.
There’s no way staff can be reduced in Sri Lankan Airlines.
Except for the Pilots, the rest are relatives and known to current and past political leaders.
Unless we purge these idiots from major political parties, all our ventures and the Country and the economy will continue to deteriorate, rapidly.
super idea it should have been done long ago but better late than never