Air India reissues voluntary retirement plan for its staff

An internal memo cited by PTI reported that Air India has announced a second voluntary retirement offer for its non-flying staff. This offer comes after the Tata Group took control of the airline in January last year, and is similar to a previous offer. The offer is only available to permanent general cadre officers aged 40 or above, who have worked for the airline continuously for a minimum of five years.

Employees who belong to the clerical and unskilled categories and have rendered at least five years of continuous service are qualified for the voluntary retirement offer. The offer is valid until April 30. According to PTI sources, around 2,100 employees are eligible for the current voluntary retirement scheme. Air India currently employs about 11,000 individuals, including both flying and non-flying personnel. The airline initiated the first phase of the voluntary retirement offer in June 2022.

Air India

Air India’s Chief Human Resources, Suresh Dutt Tripathi, announced on Friday that the airline will be extending the additional benefit of voluntary retirement to other permanent employees. Employees requested that the benefit be offered to a wider group of individuals, and it has come. As part of the second phase of the voluntary retirement offer, eligible employees who apply from 17th March 2023 to 30th April 2023 will be provided with a one-time ex-gratia amount.

The communication sent out to staff also stated that employees who apply before the end of March 2023 will receive an additional Rs 1 lakh over and above the ex-gratia amount. Many employees who have been seeking retirement benefits from the company will likely welcome this announcement.

Sources reported that approximately 4,200 employees were eligible during the initial stage of the voluntary retirement offer, which included both flying and non-flying staff. Out of those eligible, about 1,500 people chose to take the offer.

Air India unveiled its Vihaan.AI transformation plan in September of last year, with a focus on accomplishing various objectives over a five-year period. The plan’s goal is to position Air India for consistent growth, profitability, and market leadership.

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