Volatility in the Indian market continued yesterday as Air India said it is working on a plan to offer unpaid 3-4-year leave to up to 15,000 employees and Kingfisher Airlines reported a heavy third-quarter loss. The AI announcement came one day after Jet Airways, which had just unveiled its alliance with former rival Kingfisher, revealed a controversial plan to lay off approximately 1,900 workers (ATWOnline, Oct. 16). AI told the Press Trust of India that the "scheme is purely voluntary," ...

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