Air India Encourages Staff to Voluntarily Retire, Offers Cash Incentive, Reduces Eligibility Age
In an apparent bid to encourage a significant section of its employees to voluntarily retire, Air India on Wednesday reduced the eligibility age from 55 to 40 and announced a cash incentive. The Tata Group took control of Air India on January 27 after successfully winning the bid for the airline on October 8 last year. Since April, the airline’s chairman N Chandrasekaran has rejigged the top management of the airline, bringing in senior and middle-level executives who have worked in other companies of the Tata group such…