New Delhi: In a bid to turn around the loss-making Hotel Corporation of India (HCI), a wholly-owned subsidiary of Air India Ltd, the civil aviation ministry has moved a proposal to the Cabinet to bring down the retirement age of the company's employees to 58 years from 60 currently.
"We have circulated a Cabinet note on the issue and it will be taken up by the Union Cabinet soon. This reduction in retirement age for HCI employees will bring it in line with Air India employees, where it is 58," said a senior ministry official.
This decision will impact the tenure of service of about 1,400 employees of HCI. Around 350 employees of the company will retire as soon as the proposal is cleared by the Cabinet.'
07/07/13 Mihir Mishra/Indian Express
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"We have circulated a Cabinet note on the issue and it will be taken up by the Union Cabinet soon. This reduction in retirement age for HCI employees will bring it in line with Air India employees, where it is 58," said a senior ministry official.
This decision will impact the tenure of service of about 1,400 employees of HCI. Around 350 employees of the company will retire as soon as the proposal is cleared by the Cabinet.'
07/07/13 Mihir Mishra/Indian Express
