Air India on Friday made a voluntary retirement offer for 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 available for permanent general cadre officers who have attained the age of 40 years or above and completed a minimum of five years of continuous service at the airline, according to a communication.
Also, clerical and unskilled categories of employees who completed a minimum of five years of continuous service will be eligible.
The offer will be open till April 30.
Sources told Press Trust of India that a total of around 2,100 employees will be eligible to avail the latest voluntary retirement offer. Currently, the airline has a staff strength of about 11,000 people, including flying and non-flying staff.
In June 2022, Air India launched the first phase of the voluntary retirement offer.
There has been a request from employees for extending the additional benefit of voluntary retirement to other permanent employees as well. In response to this, Air India is announcing the second phase of the voluntary retirement offer, the airline's Chief Human Resources Suresh Dutt Tripathi said in the communication sent out to the staff on Friday.
"The employees who apply for voluntary retirement from 17th March 2023 to 30th April 2023 will also be provided with an ex-gratia amount as a one-time benefit.
"Eligible employees who apply up to 31st March 2023 will receive Rs 1 lakh over and above the ex-gratia amount," the communication said.
In the first phase of the voluntary retirement offer, both flying and non-flying staff were covered. At that time, around 4,200 employees were eligible and out of them, around 1,500 people opted for the offer, the sources told Press Trust of India.
In September last year, Air India announced the transformation plan Vihaan.AI which focuses on various goals to be achieved over a five-year period.
The plan is aimed at putting Air India on a path of sustained growth, profitability and market leadership.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
Shah Rukh Khan, Gauri And Suhana's Famjam At AbRam's School Event
How Asthma And BMI Triggers Miscarriage In Pregnancy Best Masks For Air Pollution Protection: N95 Vs. Others JioTag Go With Support For Google’s Find My Device Network Launched in India: Price, Features "Go Ahead": What Arun Jaitley Told Raghuram Rajan About Tackling Bad Loans "Presented No Evidence Whatsoever": India On Canada's "Serious" Allegations Rahul Gandhi Faces Delhi Police Crime Branch Probe Over Parliament Tussle Probe Agency Files Money Laundering Case Against KTR In Formula E Race Issue Private Bus Destroyed In Jaipur Fire Did Not Have Permit: RTO India Lodges Protest With Bangladesh Over 'Map' Post By Muhammad Yunus Aide Track Latest News Live on NDTV.com and get news updates from India and around the world.