Kuwait Airways retires 1,350 nationals

Kuwait Airways retires 1,350 nationals

Dubai - The number of people employed by the airline, however, is one of the main drawbacks to its turnaround plan, industry experts say.



By Reuters

Published: Thu 4 Feb 2016, 11:00 PM

Last updated: Fri 5 Feb 2016, 12:01 PM

Loss-making Kuwait Airways has let go of 1,350 Kuwaiti nationals during the last two years, part of a plan to cut costs and return to profit by 2019, the chief executive of the state-owned carrier told Reuters on Thursday.
Staff cuts of nationals are extremely rare in Kuwait, which redistributes significant oil wealth to citizens through high-paying jobs with state entities and social welfare programmes. The number of people employed by the airline, however, is one of the main drawbacks to its turnaround plan, industry experts say.
"Since two years, almost 1,600 people left the airline, taking the golden handshake," said chief executive Abdullah Al Sarhan, referring to redundancy packages. 


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