Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Losses Narrow at Garuda
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Losses Narrow at Garuda

900 Jobs Slated to be Trimmed from Garuda Indonesia's Payroll.


Bali News:
Click Image to Enlarge

(1/20/2007)

Bisnis Indonesia reports that Garuda Indonesia has allocated US$20 million for severance packages in an effort to cut the Airline’s payroll by 900 employees.

The Financial Director of Garuda, Alex Maneklaran, said the decision to trim staff is part of an overall restructuring made possible by a recent US$105 million cash injection from the Government. Maneklaran said that internal reviews had demonstrated a 15% inefficiency in terms of the Airline's production capacity. "Thus, if 15% of our total staff of 5,600 are terminated, the total firings will be around 900," he explained.

Garuda presently operates 52 aircraft and is seeking capital sources to permit a renewal of its present armada and the acquisition of additional capacity.

Losses Narrow

The Un-audited results for 2006 show Garuda losing Rp. 298.2 billion (approximately US$37.77 million), narrowing losses from 2005 when the Airline lost Rp 688.4 billion (approximately US$75.65 million).

Garuda reports passenger loads in 2006 averaged 75%, up 6% from the average loads carried in 2005.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Don’t Drink and Die
3 Dead and 1 Hospitalized Following Methanol Poisoning at Kuta Cafe
(7/27/2015)
Where There’s Smoke . . .
Police Investigating Claim of Police Seeking ‘Special Payment’ from Bank Central Asia Official in Connection with Recent Fire in Kuta
(7/27/2015)
Wine as a Spectator Sport
St. Regis Bali Resort and The Laguna, a Luxury Collection Resort and Spa Win Honors from Wine Spectator Magazine
(7/27/2015)
Happy Birthday to You, You Live in a Zoo!
Celebrating National Children’s Day with Bali Safari and Marine Park
(7/26/2015)
Seeking Relief in High Places
Tourists Complain About Limited Public Toilet Facilities at Kintamani Volcano. Toilets Installed by Government at Georpark Complex Locked and Without Water
(7/26/2015)
Bali’s Seeking a New Chief of Police
Bali Police Chief Ronny Sompie Appointed to Civilian Post as Director General of Immigration
(7/26/2015)
Pay at the Door
Bali Collects US$36.9 million in Visa Fees During First Four Months of 2015
(7/26/2015)
New HIV/AIDS Infections up 50% in Three Years
The Majority of New HIV/AIDS Cases in Bali Linked to Heterosexual Contact
(7/26/2015)
After I’m Gone
Outgoing Regent Defends Building Boom for New Hotels But Insists The Building will Stop Once Badung Exceeds its Carrying Capacity
(7/26/2015)
Managing Growth in Tourist Arrivals
Indonesian Tourism Adamant Foreign Tourists Arrivals Can be Doubled in Just 5 Years
(7/26/2015)
Floating an Idea
North Bali Adventure in Lovina Urged to Tow Floating Water Park to Shore Until Licenses and Permits are in Hand
(7/26/2015)
To Kingdom Come
Wego.com Says Indonesian Domestic Travel Now Prefer Yogyakarta Over Bali
(7/26/2015)
All [News]!