The central government has elucidated that Tata Sons, the prosperous bidder for Air India, will have to conserve all workers of the airline for one year. For stretching employees after this duration, the firm will have to give them a voluntary retirement scheme.
Civil Aviation Secretary Rajeev Bansal explained that The earning bidder will maintain all employees, which implies they will not cut back anyone for one year. Afterward, for the following year, if anyone is to be removed, they will be given VRS.
The workers will be given compensation advantages and provident budget help as per the statute of the country. Post-retirement health advantages for those who have withdrawn or will resign from in fate will be conserved, he added.
Subsequently a long time, the Centre achieved in ridding its whole share in Air India. Tata Sons arose as the earning bidder for deliberation of ₹18,000 crores, announced DIPAM Secretary Tuhin Kanta Pandey during a press meeting.
This commemorates the retrieval of Air India to the Tatas. IN 1932, Jehangir Ratanji Dadabhoy Tata established the airline. In 1946, the flight division of Tata Sons was recorded as Air India and in 1948, Air India International was inaugurated with flyings to Europe. The global assistance was among the early public-private coalitions in India, with the administration clasping 49%, the Tatas maintenance 25% and the public acquiring the remnant.
