Mumbai: The board of cash-strapped Air India (AI) on Tuesday discussed the feasibility of offering VRS to some of its nearly 29,000 employees as the national carrier fights for survival in the face of mounting debt.
AI Executive Director (Industrial Relations) Vinita Bhandari made a presentation to the board members about the revival roadmap, airline sources said.
Voluntary retirement scheme, funding requirements and selling old aircraft, among other issues, were discussed at the meet that lasted for over four hours, they said.
The meet was chaired by AI Chairman and Managing Director Rohit Nandan and Joint Secretary (Aviation) Prashant Sukul.
Air India has one of the highest employee-aircraft ratios in the industry globally. With just under 140 aircraft and nearly 29,000 employees, AI's ratio stands at 207 employees per plane.
The VRS is part of both the Dharmadhikari Committee report on HR policies as well as the turnaround plan the management had submitted to the Government for the Rs 30,000- crore cash infusion by the Centre.
Early this year, the Government had agreed to infuse around Rs 30,000 crore over the next eight years to turnaround the carrier that has a debt of over 67,000 crore.


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