Air India approves 'Voluntary Retirement Scheme'

Mumbai: In order to rationalize manpower for achieving optimum utilization and as a part of Turn Around Plan (TAP), Air India has approved a Voluntary Retirement Scheme (VRS) for all permanent and confirmed employees of the company, said a release issued by the civil aviation ministry on Saturday. ``These employees should be those who are in Indian Scales of Pay and have rendered a continuous service of minimum of 15 years in the company or have reached minimum age of 40 years as on date of the closure of the scheme,'' it added. Employees holding licences/approval from DGCA as part of their job requirements like aircraft engineers, pilot, simulator maintenance engineers, approved flight dispatchers, service engineers etc. are not eligible. The proposed VRS scheme targets a total of approximately 5000 employees.
07/09/12 Times of India

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Categories: Air India Sep 2012