New Delhi: Tata-owned Air India on Monday (May 8) extended the last date for its employees to apply for voluntary retirement till May 31. This is the third such offering by the group after taking control of the airline in January last year.
According to the airline, permanent general cadre officers who have reached the age of 40 years or more are eligible for this offer.
Offer available till 31st May
“This is with reference to the Organizational Announcement dated 17th March. In this regard, please note that the last date for applying for Voluntary Retirement for all eligible employees as per the above Organizational Announcement has been extended up to 31st May 2023. However, The acceptance of the application and the date of release will be subject to the discretion of the management,” an Air India communication said. “In case of any query or concern, please reach out to HR representatives for clarification,” it added.
Air India offers voluntary retirement
The airline in March offered a voluntary retirement to its non-flying staff, the second such offer by the Tata group after taking control of the loss-making airline in January last year.
The latest offer will be open to permanent general cadre officers who have reached the age of 40 years or more and have served the airline for at least five years continuously. Also, employees of administrative and unskilled categories who have put in continuous service for at least five years are eligible.
A total of around 2,100 employees will be eligible to avail the latest voluntary retirement offer. Currently, the airline has a workforce of around 11,000 including flight and non-flying staff. Meanwhile, the employees have demanded that additional allowance of voluntary retirement be made available to all permanent employees.
In June 2022, Air India introduced the first phase of the Voluntary Retirement Offer. Then, both flying and non-flying staff were covered. At that time, about 4,200 employees were eligible and about 1,500 of them chose the offer.