IA, A-I to shed 1,700 post-merger

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Mumbai: State-run carriers Air-India and Indian Airlines will offer a voluntary retirement scheme (VRS) aimed at reducing their staff strength by more than 1,700 employees. A-I has 15,700 employees and IA, 19,300 now. A majority of the employees, who opt for voluntary retirement, are likely to join the maintenance, repair and overhaul facilities being set up in India by Boeing and Airbus, according to sources.
In 2003 and 2004, around 490 employees in IA and 400 in A-I had opted for VRS offered by the companies. But this time around, the outflow of funds for VRS is likely to be higher and the eligibility criteria will be different.
Earlier, the eligibility criteria covered permanent staff of companies - employees who had served continuously for more than 10 years or had attained 40 years of age. But licensed and technical categories were excluded.
16/09/06 Neelasri Barman & Sagar Malviya/Financial Express

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