Royal Jordanian lays-off 15 percent of workforce
Royal Jordanian Airlines (RJ) is preparing to lay-off approximately 15 percent of its employees, reported Al-Rai. As part of the carrier’s privatization plan, non-essential workers will be dismissed during the first two months of 2002, adding to the 1,232 employees that were already let go in an earlier restructuring phase.
RJ faced a serious financial crisis in the wake of the September 11 events, and received a generous two billion dollar rescue package from the Jordanian government. The company operates a fleet of 14 planes, including Airbus 310 and 320 planes that fly to 47 destinations. The national carrier is to be restructured into a public shareholding entity under a privatization scheme adopted last February. — (menareport.com)
© 2001 Mena Report (www.menareport.com)