More than 1,600 employees of Air India, the former state-run carrier now owned by the Tata group, have opted for voluntary retirement under a scheme announced on June 1.
These employees comprise 22 per cent of permanent staff (around 7,000). The airline has a total employee strength of around 10,800, including those on contract.
At first, employees older than 55 and with 20 years of continuous employment could opt for a voluntary retirement scheme (VRS). The rules was relaxed in June and VRS opened for those older than 40 among cabin crew, clerical and unskilled categories. Those who have opted