Indonesia’s Lion Air to furlough 8,000 staff amid COVID-induced travel restrictions

FILE PHOTO: A Lion Air Boeing 737 MAX 8 jet on the tarmac of Soekarno Hatta International airport near Jakarta, Indonesia, March 15, 2019. REUTERS/Willy Kurniawan/File Photo

Indonesia’s biggest budget airline operator Lion Air Group announced plans on Saturday to furlough around 8,000 employees as travel businesses suffer disruption due to COVID-19 restrictions.

Lion Air Group will furlough between 25% and 35% of its 23,000 employees, it said in a statement, after having to reduce its flight operations due to pandemic-related travel restrictions. The group operates Lion Air, Wings Air, and Batik Air.

The decision was taken to “maintain the business and company’s sustainability, streamline company operations, reduce costs and restructure the organization amid aviation operational conditions that have yet to return to normal from the impact of the COVID-19 pandemic,” the statement said.

Lion Air Group’s operation have been reduced to 10%-15% of its normal capacity of 1,400 flights per day, it said.

Indonesia suffered one of the worst coronavirus outbreak in Asia, with more than 3.4 million infections and over 94,000 deaths.

Tight restrictions in Java, Bali and several other regions were imposed at the start of July after new cases surged due to the spread of the Delta variant.

Reuters

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.