New Delhi: Financially stressed Air India has proposed a voluntary retirement scheme (VRS) for its executive cadre employees to bring down manpower costs.
The Air India Board will deliberate on the scheme at a meeting on Monday.
"This is the first time that VRS is being proposed for AI employees. It is a big step for cutting manpower in the best possible way," a senior civil aviation ministry official told IANS.
"If it gets through, the scheme will be put forth for approval of the government as special provisions for funds would have to be made for the same."...more
04:38 PM, May 27, 2012