Air India makes another voluntary retirement offer for staff

The latest offer will be available for permanent general cadre officers who have attained the age of 40 years or above and completed a minimum of five years of continuous service at the airline

Air India on March 17 made a voluntary retirement offer for its non-flying staff, the second such offer by the Tata Group after taking control of the loss-making airline in January last year.

The latest offer will be available for permanent general cadre officers who have attained the age of 40 years or above and completed a minimum of five years of continuous service at the airline, according to a communication.

Also, clerical and unskilled categories of employees who completed a minimum of five years of continuous service will be eligible. The offer will be open till April 30.

Sources said that a total of around 2,100 employees will be eligible to avail the latest voluntary retirement offer. Currently, the airline has a staff strength of about 11,000 people, including flying and non-flying staff.

In June 2022, Air India launched the first phase of the voluntary retirement offer.

There has been a request from employees for extending the additional benefit of voluntary retirement to other permanent employees as well. In response to this, Air India is announcing the second phase of the voluntary retirement offer, the airline's Chief Human Resources Suresh Dutt Tripathi said in the communication sent out to the staff on Friday.

"The employees who apply for voluntary retirement from 17th March 2023 to 30th April 2023 will also be provided with an ex-gratia amount as a one-time benefit.