Air India Retirement Scheme: Air India announces voluntary retirement scheme for employees. India Business News – Times of India

New Delhi: Tata has started fresh hiring for Air India and the airline started on Wednesday. voluntary retirement scheme (VRS) for certain permanent employees – including cabin crew for the first time in the history of AI – who are either over 55 years of age or have completed two decades of service.
For some cabin crew members and other categories of employees, the age of opting for VRS is relaxed by 40 years.
“An ex-gratia amount will also be provided as a lump sum benefit to the employees applying for voluntary retirement from June 1 to July 31, 2022. (Those doing so) will get additional incentives apart from ex-gratia,” said the order issued on Wednesday by AI Chief Human Resource Officer, Suresh Dutt Tripathi, a Tata Steel stalwart brought in by the group after taking was. over the Maharaja.
“The date of acceptance and release of your application for (in) benefits will be at the discretion of the Management. For more information on eligibility, calculation of ex-gratia amount, application process and other queries related to the circular, please refer to your respective area Contact GM (Personnel),” Tripathi’s order said.
Apart from certain cabin crew members, the age of opting for VRS has been relaxed from 40 for certain grades of clerks and unskilled employees as well. In the last two years, even under government ownership, AI had introduced VRS for some of its employees.
Unions are questioning the move on the grounds that AI’s new owners will have to retain employees for a certain amount of time as per the terms of the sale. Whether implementing the voluntary scheme violates it remains to be seen.
Declaring Tata the winner for the AI ​​bid last October, aviation secretary and AI’s last CMD Rajiv Bansal had said: “AI has 12,085 employees (8,084 permanent and 4,001 contractual). AI Express has 1,534 employees. All of them have to be maintained for a year. In the second year, if someone has to be removed / truncated, then VRS will have to be given.
About 5,000 AI employees were due to retire in the next five years, that is, 1,000 annually. Sources had said that day that VRS would be only for permanent employees and not contractual – a problem for AI Express where everyone except pilots is on contract.