SpiceJet to reduce number of VPs to 5 from 20 as it seeks to rationalise staff


Troubled low-cost airline SpiceJet, under its new promoter Ajay Singh, is working to sharply reduce the number of vice presidents to five from 20 as it seeks to rationalise staff. 
"The new management sees a lot of excess at the top level and is looking at ways to cut it down. In the top-level management, we may see a huge cut in the number of vice presidents to five. The management is still working out ways to make that happen," said a senior executive, who did not wish to be identified. 
The executive said that at the same time a large number of executives who shifted from the airline to other carriers are likely to be brought back. 
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