Wednesday, September 12, 2012

The airline has approved this bulk in accession to the Rs 10,600 crore that it is declared to get this year.


NEW DELHI: In a bid to rationalise surplus manpower, Air India has asked the government for an added Rs 1,100 crore to apparatus the autonomous retirement arrangement (VRS) that is aimed at abbreviation headcount by 5,000, which abounding accept is an unrealistic number.

The airline has approved this bulk in accession to the Rs 10,600 crore that it is declared to get this year. A allotment of this bulk will appear from the government as bread-and-butter abutment ( Rs 4,000 crore), while the added ( Rs 6,600 crore) as a allocation of a bailout amalgamation for the financially disturbing airline. "We accept asked the admiral of civilian aerodynamics for Rs 1,100 crore to apparatus VRS in Air India and they in about-face will allocution to accounts admiral about it. The bulk is bare so that we can accomplish the advantage amalgamation adorable in adjustment to accompany down agents backbone by 5,000," a chief AI controlling told ET. The official, however, accepted that this was an "over aggressive number" and that there is a anticipation aural the airline about blurred the VRS ambition of 5,000 employees.

The VRS is targeted at AI advisers who accept either completed 15 years of account or are 40 years of age. They would be offered advantage agnate to the bacon for 35 canicule for anniversary completed year of account and advantage agnate to the bacon for 25 canicule for every year of account remaining. The airline, which has agent backbone of 27,000, seeks to lower its balance aircraft to manpower arrangement of about 1: 280, as against to industry standards of 1:110-1:150 with VRS. The VRS advantage would be offered to berth crew, authoritative and accounting agents so as to abate the age contour of the advisers and the agnate salary-level. The accommodation to action VRS to advisers has been taken in appearance of the accepting of the address submitted by the Justice Dharmadhikari Committee, formed endure year in adjustment to rationalise the accomplishment of bygone Air India and bygone Indian Airline advisers in the alloyed article Air India Ltd.

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