SriLankan hoping to reduce excess staff

26 June 2018 06:34 am - 11 - {{hitsCtrl.values.hits}}

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The government is considering retrenching the excess staff of SriLankan airlines by measures such as Voluntary Retirement Schemes, a report says.

The airline will appoint a task force for the implementation of a proposal made by the committee appointed to look into the financial situation of the national career. The airline is estimated to have an excess staff of 2,000 and that some 1,000 employees are between the ages of 50 and 55.

By March 31, 2018, the national career had incurred a loss of US$107 million. The committee, in its report submitted to Public Enterprise Development Minister Lakshman Kiriella, said the airline is hopeful of reducing the losses and had recommended that legacy liabilities should be removed from the balance sheet as early as possible. Otherwise, it says the interest payable on loans would add up to the total loss incurred by the airline.

As for fleet rationalization, the report says the airline has started negotiations with AIRBUS for the cancellation of the orders placed for four new 350 NEO-300. The company has agreed to eight NEO 320 aircraft instead of the current order. It will be deliverable after 2023.

The committee has also recommended the curtailment of expenditure by 15 per cent for the next financial year. (Kelum Bandara)

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Comments - 11

ANTON Tuesday, 26 June 2018 07:16 AM

ANEY PIN SIDDAVEY ........... CAN'T THEY DO THE SAME THING TO OUR HONORABLE, RELIABLE, INNOCENT , KIND HEARTED VERY YOUNG PARLIAMENT MINISTERS.

Ceylon Tuesday, 26 June 2018 07:48 AM

Anotber money stealing trick.government mean robery.government's only duty is social servicess,profit making is business for people.government servicess profit free.all these are to steal money.

Dils Tuesday, 26 June 2018 02:47 PM

Ceylon - don’t be nagative if you think otherwise propose a solution. I think staff cut down is a must

DJ Tuesday, 26 June 2018 08:01 AM

Staff will have to suffer the decisions and robberies by the politicians. Any other country these so called leaders will not be able to walk on the road let alone have a goodnight sleep

Troy Tuesday, 26 June 2018 02:54 PM

Good point. Ceo took thumping salary n went home . Prvious ceo nishantha was not held accountable for anything amazing country

Pandu Gnanasena Tuesday, 26 June 2018 08:02 AM

Next re-start services to high income markets, connecting them to the high market share sectors such as India and Maldives.

Flyer Tuesday, 26 June 2018 08:09 AM

And, recruit a bigger number!!?

Ash Tuesday, 26 June 2018 01:47 PM

Stop government and the board's interference. Allow the team to perform and implement performance based retention of staff.

Glazebrook Tuesday, 26 June 2018 02:24 PM

You need to overhaul the entire senior management first. You need airline professionals. Not monkeys.

GH Tuesday, 26 June 2018 02:28 PM

Please, apply this same rule on Parliament Members, that will save public money immensely.

Sena Tuesday, 26 June 2018 02:42 PM

Some sensible steps at last

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SriLankan hoping to reduce excess staff

Comments - 11

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