Wednesday, May 12, 2010

On The Way To Recovery... Gulf Air

Gulf Air seems to be on the way to recovery. In a statement to Reuters the CE of Gulf Air announced that in the last six months 500 jobs have been cut through attrition, non renewal of temporary contracts and a freeze on recruitment and have cut their total cost by 3% in the first quarter.

A voluntary redundancy and retirement scheme has been introduced to cover Bahrain nationals and nationals of the member states (Qatar, Oman and Abu Dhabi). The great news is that this has been accepted by the Gulf Air trade union ending months of contentious relationship with senior management.

Traditionally the Gulf Air trade union has been able to thwart several programs and plans that affected the well being of the staff. click here for related blog

With the labour issues behind him, Samer Majali can now concentrate on the real business of the turnaround and eventual privatisation of the airline.

Kudos to both the CE and the Trade Union to coming to an agreement that resolved months of disputes.

1 comment:

  1. Used to be my favourite airline back in the day. Good to hear it's making its way back.

    ReplyDelete

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