Air India announced on Monday that it will extend the deadline for applying for its Voluntary Retirement Scheme (VRS) until the end of this month. In a letter written by Air India’s top executive, all eligible employees said he could opt into her VRS scheme until May 31.
Air India announced on Monday that it will extend the deadline for applying for its Voluntary Retirement Scheme (VRS) until the end of this month. In a letter written by Air India’s top executive, all eligible employees said he could opt into her VRS scheme until May 31.
“This is in connection with the organizational announcement dated March 17, 2023 regarding this matter. Please note that the deadline for filing has been extended to May 31, 2023. However, acceptance and release dates for applications will continue to be subject to management’s discretion,” the letter said.
“This is in connection with the organizational announcement dated March 17, 2023 regarding this matter. Please note that the deadline for filing has been extended to May 31, 2023. However, acceptance and release dates for applications will continue to be subject to management’s discretion,” the letter said.
Earlier this March, Air India offered a voluntary retirement for its non-flight employees. This is his second offer by the Tata Group after dominating the loss-making Air India last January.
Earlier this March, Air India offered a voluntary retirement for its non-flight employees. This is his second offer by the Tata Group after dominating the loss-making Air India last January.
The latest offer was available to permanent general executive officers who were over the age of 40 and had completed a minimum of five years of continuous service with the airline, according to communications.
The latest offer was available to permanent general executive officers who were over the age of 40 and had completed a minimum of five years of continuous service with the airline, according to communications.
It also covers the clerical and unskilled categories of employees who have completed a minimum of five years of continuous service.
It also covers the clerical and unskilled categories of employees who have completed a minimum of five years of continuous service.
A total of about 2,100 employees are eligible to take advantage of the latest voluntary retirement offer, sources said. The airline currently has a staff strength of about 11,000, including flight and non-flight staff.
A total of about 2,100 employees are eligible to take advantage of the latest voluntary retirement offer, sources said. The airline currently has a staff strength of about 11,000, including flight and non-flight staff.
In June 2022, Air India launched the first phase of its voluntary retirement offer.
In June 2022, Air India launched the first phase of its voluntary retirement offer.
Employees have requested that additional benefits for voluntary retirement should be extended to other full-time employees. In response, Air India is announcing the second phase of its voluntary retirement offer, said Suresh Dutt Tripathi, the airline’s chief human resource, sent to staff on Friday. said in correspondence.
Employees have requested that additional benefits for voluntary retirement should be extended to other full-time employees. In response, Air India is announcing the second phase of its voluntary retirement offer, said Suresh Dutt Tripathi, the airline’s chief human resource, sent to staff on Friday. said in correspondence.
The first phase of the voluntary retirement offer covered both flying and non-flying staff. About 4,200 employees were covered at the time, of which about 1,500 chose the offer, sources said.
The first phase of the voluntary retirement offer covered both flying and non-flying staff. About 4,200 employees were covered at the time, of which about 1,500 chose the offer, sources said.
Last September, Air India unveiled its transformation plan, Vihaan.AI, which focuses on various goals to be achieved over a five-year period.
Last September, Air India unveiled its transformation plan, Vihaan.AI, which focuses on various goals to be achieved over a five-year period.
The plan aims to put Air India on a path of sustained growth, profitability and market leadership.
The plan aims to put Air India on a path of sustained growth, profitability and market leadership.
