Thursday, October 19, 2006

Merger of Indian, A-I to be bloodless

Employees of Air-India and Indian -- formerly Indian Airlines -- have nothing to fear from the proposed merger of the two. The government is clear that there will be no 'rationalisation of employees', either through a voluntary retirement scheme or any other means.
Details of the proposed mega merger, announced eight months ago, have finally been worked out and presented to the civil aviation ministry. A group of ministers (GoM) will soon be formed to examine it, after which it goes before the cabinet. The merger is likely to be in two phases. In the first, to be completed before the end of the financial year, the boards of the two companies will merge to form a single entity. Senior executives of both, designated Deputy General Manager (DGM) or above, will also be integrated to form a common management team.
In the second, the remaining 35,000 employees of both the airlines will come together over a period of three years.
18/10/06 Arun Kumar and Gaurav Choudhury/Hindustan Times
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