A 'cost-reduction, efficiency-enhancement' aimed restructuring program appears to in the offing for Naresh Goyal's private carrier Jet Airways! The company, which has recently slashed 30 percent of its flights and leased out several of its planes, is now planning to layoff nearly 400 employees.

Some other steps to be taken by the company include the closing down of some of its offices in metros that basically handle ticketing; as well as working out a centralized operation control centre in Mumbai. At present, flight despatch job for the airline is handled at its hubs at Delhi, Kolkata, Chennai, and Bangalore.

Furthermore, inside sources say that Jet Airways is also negotiating an operational tie-up with Vijay Mallya's Kingfisher, which will improve the savings' figures for both airlines. The proposed move will help Jet and Kingfisher to make optimum use of each other's resources, along with cutting costs related to duplication of services.

While Jet acknowledged that all recession-hit airlines are exploring the best possible options for survival, the spokesman of the carrier refused to divulge into the details of the company's restructuring measures. The spokesman said: "The aviation industry is undergoing a severe crisis worldwide and in India. Jet Airways is taking a proactive approach to improve its viability. However, we are not commenting on any of our restructuring initiatives at this point of time."