50 SKY SHADES - World aviation news

Philippine Airlines Says to Shed 117 Jobs in Non-Core Services

Download: Printable PDF Date: 03 Sep 2015 03:54 category:
Publisher:
Philippine Airlines Says to Shed 117 Jobs in Non-Core Services - Airlines publisher
Tatjana Obrazcova
Source: Reuters

Philippine Airlines Inc (PAL) said on Thursday it is laying off 117 domestic ground crew, or about 2 percent of its total staff strength, in November to focus on its core operations for sustaining profitability.

"PAL will disengage from non-core services such as our ground-handling activities in domestic stations which can be turned over to qualified third-party service providers," the carrier said in a statement.

The airline, owned by PAL Holdings Inc which is controlled by the Philippines' fourth-richest man, Lucio Tan, had 2,386 ground employees in the Philippines and 2,512 flight crew as of end-2014. It flies to 35 foreign cities and 29 domestic points.

The statement said severance benefits will be paid to the affected employees but did not quantify the costs or savings for the airline from the move.

PAL Holdings' first-half net income jumped more than 10 times to 5.86 billion pesos (US$125.51 million) from a year earlier on strong passenger revenues. It returned to profitability in 2014, snapping a three-year losing streak amid labour unrest, mounting expenses, a weak peso and heightened competition.

PAL said last month it plans to acquire or lease eight wide body, twin-engine Airbus A350 XWB or Boeing 787 Dreamliner aircraft for its long-haul operations.



Loading comments for Philippine Airlines Says to Shed 117 Jobs in Non-Core Services...


Recommended

First in Middle East to secure Key European approval to train Boeing 777, 787 pilots - Etihad Aviation Training

Etihad Aviation Training has become the first aviation company in the Middle East to gain approval from the European Aviation Safety Agency (EASA) to train Boeing 777 and 787 pilots for European...

Clay Lacy Aviation opens Dallas-Fort Worth office

Clay Lacy Aviation has opened an office at Fort Worth Meacham International Airport (KFTW). Headed by Chris Broyhill, Senior Vice President, Part 91 Operations and Texas Regional Development, the...

The highest ever number of total annual movements and new brand identity - Farnborough Airport

Surpassing its own record of 2018, Farnborough Airport set a new one, reaching the highest ever number of total annual movements! For the full year 2019, Farnborough Airport saw a year-on-ye...

Record set at Vaclav Havel Airport Prague: 17.8 Million Handled Passengers in 2019

Based on the latest operating results, Prague Airport handled a total of 17,804,900 passengers in 2019. That means that approximately one million more passengers passed through the airport t...