PRESENTED BY B.HARITAA VARSHINI K.KATHIRESAN S.

KARTHIK IRFAN KHAN

Jet Airways
Type - Public Industry - Transportation Headquarters - Mumbai ,Maharashtra ,India Area served - Africa , Asia ,Europe and North America Keypeople - NareshGoyal ,Founder & Chairman Nikos Kardassis, Services - airlines aviation airline Catering & Foodservice Ground Handling Employees -10,017 Revenue - 10,622.92 crore

Flaws of Indian labor Laws

Labor knows only duties not rights
First factory act 1881-employment off children 7 age 1926-Indian trade union act 1947-Industrial dispute act 1970-Contract act (regulation & abolition)

SITUATION
Sept 8, 09 around 650 pilots took a mass sick leave Protest against the mgt sacked two of its pilots for joining a union (NAG) Lasted for 5 days (8-12) Cancel 900 flights Aviation industries, employee, MNC & passengers suffered through it

JET AIRWAYS: A WRONG TAKE OFF

Formation of National Aviators Guild

Jet Airways terminated the services of two senior pilots Sam Thomas and D Balaraman
Termination of services just due to active participation Hiring foreign employees Labor commission in action But management not in favorable move

Pilots Went on massive sick leave

Goyal-behavior like terrorist

OTHER SIDE

CONTINUED TO BE ON SICK LEAVE ON SICK LEAVE. PILOTS USED LOOPHOLESUSED PILOTS OF INDIAN LABOR LAWS LOOPHOLES OF INDIAN LABOR LAWS

CONTINUED TO BE

OTHER SIDE

EFFECTS
Massive loss

Less no. of passengers (23000to7500)

Drop 30% ticket booking Lost 225.3cr Bad publicity Angry passengers

Is it time to modify labor law

Age old labor law frangible enough to control the labor union Its Power to labor activity Not improving country economic health and labor statistics Depends on flexibility in labor market Laws overlaps many time

Labor-lost of work days, lack of trust, political intervention, jobless growth.