Following the Tata Group’s acquisition of the losing airline in January of last year, Air India issued a voluntary retirement offer to its non-flying workers on Friday. This was the second such offer.
According to a notification, the current offer will be offered for permanent general cadre officers who are 40 years of age or older and have accomplished a minimum of five years of continuous service with the airline. Employees in the clerical and unskilled categories who have completed a minimum of five years of continuous employment will also be eligible.
The promotion will be available till April 30th. According to sources, approximately 2,100 employees will be eligible to take advantage of the current voluntary retirement offer. The airline currently employs approximately 11,000 workers, including both flying and non-flying employees.
“The employees will also receive an ex-gratia sum as a one-time bonus if they apply for voluntary retirement between 17 March 2023 and 30 April 2023. The notification stated that eligible employees who apply by March 31, 2023, will receive an additional Rs 1 lakh over and above the ex-gratia sum.
Both flying and non-flying workers were covered in the initial voluntary retirement offer. At the time, approximately 4,200 employees were eligible, and of those, approximately 1,500 chose the offer. The strategy aims to place Air India on a course for consistent growth, financial success, and market dominance.