Wednesday, June 22, 2016

No more post-retirement freebies: AI after deluge of VRS requests

Stunned by a large number of employees opting to quit their jobs before time, Air India has decided to do away with postretirement benefits, which include free air tickets and medical facilities for staffers seeking voluntary retirement or resigning from service.

Through a circular dated June 9, the national carrier has conveyed the decision to its employees. Sources said Air India's chairman- managing-director Ashwini Lohani was prompted to go for the cost-saving measure after nearly 100 applications — 20 cabin crew, 10 pilots and the rest from engineering — piled up on his desk.

The circular signed by Lohani underscores the difficult times that the organisation is passing through at the moment. "The attrition of various categories of staffers, including those in the licensed category, is a matter of extreme concern as presently the company has been restricted from recruiting staff on a regular basis."

Lohani went on to state that of late he had noticed a large number of applications from employees seeking voluntary retirement. "Obviously, most of such employees are seeking greener pastures. It needs appreciation that such attrition is extremely detrimental for the company, especially in the present critical juncture and therefore, cannot be encouraged under any circumstances."
22/06/16 Aditya Anand/Pune Mirror 
To Read the News in full at Source, Click the Headline