Air India is reportedly drawing up a VRS proposal for 15,000 of its employees' strength of 40,000 as part of its overall plan to sell off the company with a modicum of financial strength. Top officials of the Civil Aviation Ministry are said to be working out the VRS proposal.
A committee of five senior federal ministers, led by Finance Minister Arun Jaitley, is expected to meet this month and begin ironing out the finer details of the privatization plan.
Air India is a story of every public sector and it shows how successive governments have undermined the interests of several PSUs to make them sick and then junk them.
Taxpayers have a right -but that would not be honored ever - to know how and why the national flag carrier came to accumulate debts totaling about Rs 50,000 cores.
15,000 Air India workers to be given VRS
By IndianMandarins - 2017-07-19 11:11:48
Air India is reportedly drawing up a VRS proposal for 15,000 of its employees' strength of 40,000 as part of its overall plan to sell off the company with a modicum of financial strength. Top officials of the Civil Aviation Ministry are said to be working out the VRS proposal.
A committee of five senior federal ministers, led by Finance Minister Arun Jaitley, is expected to meet this month and begin ironing out the finer details of the privatization plan.
Air India is a story of every public sector and it shows how successive governments have undermined the interests of several PSUs to make them sick and then junk them.
Taxpayers have a right -but that would not be honored ever - to know how and why the national flag carrier came to accumulate debts totaling about Rs 50,000 cores.
