air india vrs: VRS for Air India employees .. only settlement .. there is an incentive! – air india reduces vrs age limit for its employees to 40 years along with ex gratia settlement and incentive

The central government has taken steps to sell Air India, which is mired in huge debts, to a private company. Then in October last year the Tata Group acquired the deal to buy Air India.

The Tata Group acquired Air India on January 27. Tata Sons has been introducing various changes since the arrival of Air India. In particular, Tata was keen to appoint Air India as a competent leader.

Following this, Tata Sons announced the appointment of Campbell Wilson, former CEO of Scoot, as CEO of Air India. In this context, the age limit for voluntary retirement (VRS) for Air India employees has been reduced.

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Prior to this, Air India employees had to be at least 55 years of age to get optional retirement. But even those over 40 can now opt for optional retirement. Some special offers have also been announced.

The relief amount will be given to those who apply for voluntary retirement from June 1 to July 31. This is a one time payment settlement. In addition, Air India has announced that if you apply for voluntary retirement by June 30, you will be offered an additional incentive along with compensation.