{"id":384591,"date":"2020-11-18T08:28:57","date_gmt":"2020-11-18T02:58:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=384591"},"modified":"2020-11-18T09:16:31","modified_gmt":"2020-11-18T03:46:31","slug":"pakistan-approves-funding-for-carrier-pias-voluntary-redundancy-scheme","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pakistan-approves-funding-for-carrier-pias-voluntary-redundancy-scheme\/","title":{"rendered":"Pakistan approves funding for carrier PIA&#8217;s voluntary redundancy scheme"},"content":{"rendered":"<p>Pakistan has approved funding of about $81 million in cash to support flagship carrier Pakistan International Airlines&#8217; planned voluntary redundancy scheme, which could affect thousands of jobs. <\/p>\n<p>The loss-making carrier has been looking to reduce costs, particularly since the impact of the pandemic, as well as the fallout from a fake pilot credentials scandal. <\/p>\n<p>PIA is aiming to cut roughly one-third of its workforce, a document seen by Reuters showed, which would reduce the airline&#8217;s headcount to roughly 7,000-7,500 employees from the around 11,000 staff PIA said it employed in its 2019 annual report. <\/p>\n<p>The government has approved 12.87 billion Pakistani rupees ($81.46 million) in funding for the airline to move forward on the voluntary retirement scheme, the document also showed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan has approved funding of about $81 million in cash to support flagship carrier Pakistan International Airlines&#8217; planned voluntary redundancy scheme, which could affect thousands of jobs. The loss-making carrier has been looking to reduce costs, particularly since the impact of the pandemic, as well as the fallout from a fake pilot credentials scandal. PIA is aiming to cut roughly one-third of its workforce, a document seen by Reuters showed, which would reduce the airline&#8217;s headcount to roughly 7,000-7,500 employees from the around 11,000 staff PIA said it employed in its 2019 annual report. The government has approved 12.87 billion [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-384591","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=384591"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384591\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=384591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=384591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=384591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}