KOCHI: Gulf Air, the flag carrier of Bahrain, will cut another 400 jobs as part of its restructuring plan, revealed Kamal bin Ahmed Mohammed, minister of transportation, Bahrain, in Kochi on Monday. He was talking to the reporters in Kochi on Monday.
"When we started, we had 3,800 employees, and after the restructuring, it may even go below 3,000," Mohammed said. The restructuring plan is for two years and would cost 185 million Bahrain dinar to the government. The staff-cut will happen mainly in Bahrain and the nearby stations. We have developed a new strategy for the airline, to align with the economic strategy of Bahrain. This airline has to be managed efficiently," said Mohammed, who is also the acting chief executive of the Bahrain Economic Development Board.
Mohammed also said that his country is looking to enhance the relationship with Kerala. "We had general discussions with the state government on investing in real estate projects," he said. The growth rate of the economy of Bahrain will be back in track this year, said Mohammed, who is in charge of the surface, marine and air transports of the country. "The economy grew by 3.9% in the calendar year 2012, and I expect it to grow by 5% this year," he said.
http://timesofindia.indiatimes.com/business/international-business/Gulf-Air-to-axe-another-400-jobs/articleshow/19049258.cms
"When we started, we had 3,800 employees, and after the restructuring, it may even go below 3,000," Mohammed said. The restructuring plan is for two years and would cost 185 million Bahrain dinar to the government. The staff-cut will happen mainly in Bahrain and the nearby stations. We have developed a new strategy for the airline, to align with the economic strategy of Bahrain. This airline has to be managed efficiently," said Mohammed, who is also the acting chief executive of the Bahrain Economic Development Board.
Mohammed also said that his country is looking to enhance the relationship with Kerala. "We had general discussions with the state government on investing in real estate projects," he said. The growth rate of the economy of Bahrain will be back in track this year, said Mohammed, who is in charge of the surface, marine and air transports of the country. "The economy grew by 3.9% in the calendar year 2012, and I expect it to grow by 5% this year," he said.
http://timesofindia.indiatimes.com/business/international-business/Gulf-Air-to-axe-another-400-jobs/articleshow/19049258.cms
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