Airline

Gulf Air lays off 500 people

Bahrain-based Gulf Air has laid off about 500 people in the last six months, said Samer Majali, the chief executive of the airline, talking about its voluntary redundancy programme that was set up recently.
Majali said that the people were laid off owing to various measures – temporary contracts were allowed to expire, a recruitment freeze was made and natural attrition was induced. "We have cut down our overall costs by three per cent in the first quarter. We have also reduced our overall staff strength by over 500 in the last six months,” Majali said.
Bahrain is a small oil producer that unlike other states in the region can not afford to plough large funds into its publicly owned companies such as Gulf Air or Aluminium Bahrain.
These are also the country's largest employers, and lay-offs in particular of nationals have been a contentious issue, with Gulf Air employees protesting the job cuts last November. Gulf Air also said over the weekend it had introduced a voluntary redundancy and retirement scheme.

Loss-making Gulf Air was established as a regional airline but has struggled to find its niche after previous shareholders Oman, Abu Dhabi and Qatar gave up their stakes, partly to establish their own national carriers.
 

More Airline
Big jump in international passengers for Saudi Airlines
flydubai will fly to Tashkent from 11 March 2019
New Istanbul airport starts operations
Latest Travel News
flydubai to operate some flights from Du...
South Korea Pavilion among top five at E...
Collect souvenirs from the first Emirate...
Featured Sights To See
Kids Arcade in Soho Square

Kids Arcade in Soho Square

Sharm el Sheikh, Egypt

Soho square is the hub of entertainment in Sharm El Sheikh that features restaurants, cafes, bars, clubs, restaurants, steakhouses, bowling, etc. Among all these facilities, Soho Square also has a kids arcade to engage kids in fun activities to keep them occupied. It has ball pit, slides, rides, toys, and several other games. It is open from 4 pm to midnight on seven days a week.   Telephone: +2...

Der Graben

Der Graben

Vienna, Austria

This is one of the most famous streets in the Innere Stadt District. Stretching from Stock-im-Eisen-Platz near the Palais Equitable to where Kohlmarkt and Tuchlauben meet, this street,due to its location and size, is famous for its year round market and its suitability for festivals and processions. ...

The Buenos Aires Zoo

The Buenos Aires Zoo

Buenos Aires, Argentina

The Buenos Aires Zoo is also located in Palermo and is a good place to visit. Entry is ARS22 and it is open 10:00am to 6:00pm daily. Address: Corner of Av Sarmiento and Las Heras Telephone: 4011 9900 Website: http://www.zoobuenosaires.com.ar/  ...

Museum of Applied Art

Museum of Applied Art

Frankfurt, Germany

One of the best international museums of its kind, the Applied Arts museum was founded in 1877 and holds a collection of historical artifacts from various cultures. Some of the works include European cultural items from the 12th century, Islamic art and Asian cultural displays. Interesting presentations are created by combining displays and literature for visitors in the audience, who are sure to ...