Jet Airways stock declines 7.5%

Shares of Jet Airways declined 7.5% on the BSE in the afternoon trade on Friday. The airline company said it is in talks with employees and key stakeholders to implement cost reduction measures like pay cuts, as per media reports. The airline company said in the statement that it has been implementing several measures to help it reduce cost as well as realise higher revenues for desired business efficiencies, reports added. The ongoing talks with employees, including pilots, is in line with its stated focus of creating a "healthier and a more resilient business", according to the airline company.

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