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PIA to cut its workforce by half


PIA to cut its workforce by half
Top Story
April 28, 2021
NEW YORK: Pakistan International Airlines Corp. will lay off half of its 14,000 employees, replace some of its fleet and permanently close loss-making routes in a bid to become profitable for the first time in more than a decade, Bloomberg has reported.
Pakistan’s cabinet approved the carrier’s restructuring, said Ishrat Hussain, an adviser to Prime Minister Imran Khan. It also requested to explore outsourcing management contract or sale of 26% stake in the airline after improving its balance sheet, he said.
The plan follows revival attempts in the past that were blocked by protesting employees or political opposition. This time, there are “no grandiose plans to become like Emirates or Etihad or Qatar,” Hussain said in a recent interview. It will be “a very lean and efficient organization,” he said. The aim is to return PIA to profit by 2023. ....

Ishrat Hussain , Imran Khan , Pakistan International Airlines Corp , Pakistan International Airlines , Prime Minister Imran , இஸ்ராத் ஹுசைன் , இம்ரான் காந் , பாக்கிஸ்தான் சர்வதேச விமான நிறுவனங்கள் கார்ப் , பாக்கிஸ்தான் சர்வதேச விமான நிறுவனங்கள் , ப்ரைம் அமைச்சர் இம்ரான் ,

PIA to halve its workforce


PIA to halve its workforce
Top Story
April 28, 2021
NEW YORK: Pakistan International Airlines Corp. will lay off half of its 14,000 employees, replace some of its fleet and permanently close loss-making routes in a bid to become profitable for the first time in more than a decade, Bloomberg has reported. Pakistan’s cabinet approved the carrier’s restructuring, said Ishrat Hussain, an adviser to Prime Minister Imran Khan. It also requested to explore outsourcing management contract or sale of 26% stake in the airline after improving its balance sheet, he said.
The plan follows revival attempts in the past that were blocked by protesting employees or political opposition. This time, there are “no grandiose plans to become like Emirates or Etihad or Qatar,” Hussain said in a recent interview. It will be “a very lean and efficient organization,” he said. The aim is to return PIA to profit by 2023. ....

Ishrat Hussain , Imran Khan , Pakistan International Airlines Corp , Pakistan International Airlines , Prime Minister Imran , இஸ்ராத் ஹுசைன் , இம்ரான் காந் , பாக்கிஸ்தான் சர்வதேச விமான நிறுவனங்கள் கார்ப் , பாக்கிஸ்தான் சர்வதேச விமான நிறுவனங்கள் , ப்ரைம் அமைச்சர் இம்ரான் ,