Home Airlines Russian airline sacks 44.3% of employees

Russian airline sacks 44.3% of employees


Russia’s third-biggest airline also slashes fleet size
Russia’s third-biggest airline has slashed the number of its employees by almost half.
UTair said it was experiencing economic difficulties due to the slump in the rouble and rising operating pushing up the cost of trips abroad for Russians. It therefore took the drastic step of sacking 44.3% of its employees. It also cut its fleet by 40%, from 115 to 71 planes.
The company is in debt to the tune of 170 billion roubles (€3 billion), according to news website Lenta.ru.
The rouble has fallen by 30% since the start of 2014, as Western sanctions over the Ukraine crisis and the fall in the price of oil, Russia’s top export, strangle investment.
The Moscow Times
[image courtesy UTair]


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