Jet Airways plunges over 5% on wage issues

Epic Update Jet -Etihad
Epic Update Jet -Etihad

Shares of Jet Airways (India) plunged over 5 percent early Friday as the airline has reportedly told its employees that it will not be able to operate beyond 60 days unless cost-cutting measures are put in place.
The scrip plunged as much as 5.72 percent to Rs 312.25 so far whereas the BSE Sensex was up 0.73 percent at 37,435.21 at around 9.40 am.

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Epic Research
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Epic Research - Investment Adviser is a leading financial services provider with presence in Indian and other global capital markets. Call on - 0731-664-2300