Air India Rolls Out Retirement Schemes Ahead of Vistara Merger

Air India has introduced a voluntary retirement scheme (VRS) and a voluntary separation scheme (VSS) for its non-flying permanent staff ahead of its merger with Vistara. These schemes aim to streamline the workforce as redundancies are expected. The merger will also impact 600 employees from both airlines.

Air India announced the launch of voluntary retirement and separation schemes for its non-flying permanent staff, just ahead of its merger with Vistara, as per sources.

The VRS is available for employees with five or more years of service, while the VSS is for those with less than five years. The airline did not disclose specific details but confirmed the twin schemes, giving aspirants a one-month window to apply.

This marks the third VRS since Tata Group took over Air India in January 2022. The merger is anticipated to affect around 600 employees from both airlines, with Tata Group exploring options to accommodate redundant staff.

(With inputs from agencies.)