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FINANCIAL NEWS
Gulf Air cuts 200 jobs
31 May 2011
(MENAFN) Gulf Air said that due to political and social unrest in Bahrain and other Middle Eastern countries that led to a fall in sales, the country’s national airline cut 200 jobs, reported Emirates 24/7.
The carrier added that around 100 of the employees who were laid off appealed the decision at an internal appeals committee where 11 were reinstated, adding that it would focus on regional destinations in the Middle East in order to compete with other regional carriers that include Qatar Airways and Emirates airline.
On the other hand, it also said that bookings in this year’s first five months dropped almost a quarter also as a result of the political upheaval in the region.
It is worth noting that after several owners of Gulf Air like Abu Dhabi, Oman and Qatar gave up their stakes in order to found their own carriers, the company has battled to establish its place in the region.
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