More turbulence ahead for Gulf Air
Bahrain’s national carrier Gulf Air has officially notified staff facing redundancy about its plan to proceed with the decision, effective from Wednesday, as part of the company’s restructuring scheme.
It has set Wednesday as the deadline for staff to inform whether they have accepted the airline’s payout package proposed last week, according to a report in Trade Arabia's sister newspaper, the Gulf Daily News.
As part of the package, employees will be entitled to one month’s salary for each year of service and three months’ salary in addition to compensation for the waiting period.
- Gulf Air Announces Early Retirement Package for Bahraini and Omani Employees
- GIB’s Chief Executive Officer: Investment banks must restructure and review risk management methods
- Gulf Air’s restructuring plan on track
- Gulf Air trade unions refuse communication with management as debacle continues
- Troubled Gulf Air granted debt extension