Air India rolls out voluntarily retirement scheme, starts fresh hiring
The scheme is for some permanent employees which include the cabin crew
Air India has announced a new voluntarily retirement scheme. The scheme is for some permanent employees which include the cabin crew.
The scheme doesn't include contractual employees.According to the Tata Group airline, the new scheme is for employees who are either over 55 years of age or have completed 20 years of service.
The company has also reduced the VRS eligibility age for certain cabin crew members and other sections of employees from 55 to 40.
Besides, the management has announced cash incentives for those opting for VRS.
Under the new scheme, Air India will give an ex-gratia amount to employees who apply for voluntary retirement from June 1 to July 31, 2022.
Besides this one-time benefit, the company will provide an additional incentive over and above the ex-gratia amount to those applying for voluntary retirement between June 1 and June 30.
An order issued by Air India's chief human resource office Suresh Dutt Tripathi said that the acceptance of an application for benefits and date shall be subject to management discretion.
Since April, the airline's chairman N Chandrasekaran has rejigged the top management of the airline, bringing in senior and middle-level executives who have worked in other companies of the Tata group such as Tata Steel and Vistara.