Everything you need to know about PIA’s restructuring plan
Here are all the details.
Reports are stating that Pakistan International Airlines (PIA) has decided to introduce a mandatory separation scheme following its Voluntary Separation Scheme (VSS) as part of its restructuring plan.
According to sources, a document was submitted to the Supreme Court, which stated:
After completing the VSS, PIA’s management will launch a mandatory separation scheme based on the performances and conducts of its employees. The management will also take drastic cost-cutting measures to transition the national flag carrier into a profitable entity.
PIA’s restructuring plan
Following are a few steps the management intends to take:
- evaluate the performance and punctuality of employees, and lay off any worker considered to be a burden on the national exchequer. PIA plans to reduce the workforce from 14,000 permanent and daily wages workers, most of whom were hired on a political basis over the last ten years, to 7,500 employees.
- provide golden handshakes to thousands of its employees under the VSS package.
- expand the airline’s fleet to 35 by adding six new aircrafts next year.
- bifurcate the airline into ‘core’ and ‘non-core’ categories. The non-core class will comprise aeronautical engineers, maintenance and repair, and kitchen staff. The core category will include the marketing, human resources, finance, flight services, and procurement departments.
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