1. EFFECT ON HRM OF KINGFISHER
AIRLINES CRISIS
PREPARED BY
NIRMIT DOSHI
MOHIT VYAS
JIGAR JAIN
2. INCEPTION
Established in 2003
Started operation’s on 9th
may 2005
Never made even a single
rupee profit
http://en.wikipedia.org/wiki/Kingfisher_Airlines
3. LOSS YEAR BY YEAR
http://en.wikipedia.org/wiki/Kingfisher_Airlines_financial_crisis
4. CRISIS
Kingfisher's net loss more than doubled to Rs 2,328 crore in
2011-12, from Rs 1,027 crore in the previous year
Debt of 7524 crore.
Bank freezed all accounts due to non repayment of loans
Restriction over landing of flights at mumbai airport.
http://businesstoday.intoday.in/story/business-model-behind-kingfisher-airlines-mess/1/189224.html
5. EFFECT ON HUMAN RESOURCE MANAGEMENT
The airline had a total of 5,696 employees for the year
ended March 31, 2012, down from 7,317 employees in
the previous year.
Costs towards employee remuneration fell by one per
cent to Rs 669.5 crore during the year ended March 31,
2012.
In the same year the pay package of its CEO Sanjay
Agarwal rose sharply by about 90 per cent from Rs
2.12 crore to Rs 4.01 crore
http://articles.economictimes.indiatimes.com/2012-09-03/news/33563194_1_guarantee-
and-security-commission-kingfisher-airlines-kingfisher-staff
6. Mallya was paid 'guarantee and security commission' of
about Rs 51 crore.
Employees were not being paid their dues from a long
time.
As a result employees went on strike or leave or left the
job
350 cabin crew left their job in the last year
http://articles.economictimes.indiatimes.com/2012-09-03/news/33563194_1_guarantee-and-security-commission-
kingfisher-airlines-kingfisher-staff
7. The shortage is estimated at 200 air hostesses
HRM has been constantly trying to call back the employees
on strike.
But they have failed previously to fulfill their promise to pay
the salary and hence employees have no trust on them
now.
150 recruits in this period are being trained, who are
incapable of dealing with emergencies
http://articles.economictimes.indiatimes.com/2012-09-03/news/33563194_1_guarantee-and-security-commission-
kingfisher-airlines-kingfisher-staff
