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.Air India had made several voluntary retirement offers for its staff due to financial struggles caused by the COVID-19 pandemic. It is possible that another such offer has been made since then.
Voluntary retirement offers are a way for companies to reduce their workforce without resorting to layoffs or firings. They allow employees to choose to leave the company with certain benefits and incentives, rather than being forced out of their jobs. In this case, Air India may be hoping to reduce its staffing costs and improve its financial situation by offering such incentives to its employees.
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1uy5HE3
https://ift.tt/zrFVA8X
