AI unions to demand VRS package
Business

AI unions to demand VRS package

Pennews

Air India trade unions are likely to demand a VRS package at their second meeting with the Union Minister of State for Civil Aviation Mr. Hardeep Singh Puri, in New Delhi on Monday.

The Minister is set to meet over a dozen Air India unions, including unrecognised ones, for the second time in a month over the airline's privatisation plans.

The government is planning to float Expression of Interest (EoI) for selling its entire 100 per cent stake in the loss-making flag carrier sometime next week.

At the first meeting on January 2, the Minister had made it clear that privatisation was the only option before the government to keep the airline afloat and sought employees cooperation in carrying out the disinvestment process.

Mr. Puri had also told the unions that he will call them again after the meeting of the ministerial panel on Air India disinvestment.

'Initially, we were told that the government would protect our jobs if airline gets privatised and therefore we did not think about voluntary retirement.

'But off late, our members have been approaching us and want us to discuss a voluntary retirement scheme package with the government as it is expected that our job will be protected only for one year post privatisation. We are going to raise this issue at the meeting with the Minister,'an airline source said..

The source said that if the government agrees 'in-principle' on their demand, the unions will work out the contours of the VRS package, including the service cut-off period and the quantum of monetary compensation.

Media reports suggest that the new investor may be allowed to retain Air India's some 11,000 employees only for one year after the carrier goes into private hands.

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