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About 450 jobs will also go after the value chain said it was making losses as costs continue to rise.
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The raid has sparked an angry response from South Korea which called it an unjust infringement of people's rights.
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News and Media
SpiceJet faced a setback in the first quarter of fiscal year 2025. The budget carrier announced a consolidated net loss of Rupees 234 crore. This contrasts with a net profit of Rupees 158 crore in the same period last year. Revenue from operations also declined significantly. It fell by 36 percent year-on-year, reaching Rupees 1,060 crore.
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