Air India extends deadline to apply for voluntary retirement

Air India, the Tata Group-owned airline, has extended the deadline for applying for voluntary retirement till May 31, 2023. The previous deadline was April 30, 2023. “Please note that the last date to apply for Voluntary Retirement in terms of the above Organizational Announcement for all the eligible employees has been extended till 31st May 2023,” the notice read.

In March, Air India had announced a voluntary retirement offer for its non-flying staff. This is the second such offer made by the company after it launched the first phase of the voluntary retirement offer in June 2022. In the first phase of the voluntary retirement offer, both flying and non-flying staff were covered. At that time, around 4,200 employees were eligible and out of them, around 1,500 people opted for the offer, PTI reported citing sources.

According to a PTI report, approximately 2,100 employees will be eligible to take advantage of the current voluntary retirement offer. Air India currently employs 11,000 people, both flying and non-flying.

The offer is only available to permanent general cadre officers who have been with the airline for at least five years and are above the age of 40. According to an internal document, personnel in the administrative and unskilled categories who have served continuously for at least five years are also eligible.

Employees who apply for voluntary retirement between March 17 and April 30, 2023, will receive an ex-gratia payment as a one-time reward. Employees who apply by March 31 will receive Rs 1 lakh in addition to the ex-gratia sum.

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