New Delhi: Government-to-private Air India has announced measures, including cash incentives, to encourage a section of its employees to take up a voluntary retirement scheme. With this, the age limit for eligibility of employees has been reduced from 55 to 40. The Tata Group took control of Air India on January 27 after making a successful bid on October 8 last year. In a letter to the employees, the airline said that under the existing Regulations of Air India, permanent employees, if they are 55 years of age and have worked for 20 years, can take voluntary retirement.

As an additional benefit, the company is reducing the age limit for crew members from 55 years to 40 years. It said that ex-gratia will also be provided as a one-time benefit to the employees applying for voluntary retirement from June 1, 2022, to July 31, 2022.

Additionally, employees who apply for voluntary retirement between June 1 and June 30 will receive additional incentives in addition to the ex-gratia amount. The company has said that acceptance of the application will be subject to the discretion of the management. As of November 2019, the airline had 9,426 permanent employees. In May, Tata Sons appointed aviation industry expert Campbell Wilson as the CEO and MD of Air India. Campbell Wilson has 26 years of experience in the aviation industry. He began his career as a management trainee with Singapore Airlines in New Zealand in 1996.

Jagbir Dahiya Unveils Asian Records, A New Music Label For Aspiring Talents

Bumper jobs in this state for 8th pass, apply quickly

Golden opportunity to become an officer in the Indian Air Force, apply soon