Air India announces VRS: Eligibility age cut to 40
The Tata Sons-owned Air India has reduced the eligibility age for voluntary retirement scheme (VRS) to 40 from 55 and announced a cash incentive for employees opting for the scheme. The airline, in a letter to employees, said as per the existing applicable service regulations, permanent employees can avail voluntary retirement if they have attained 55 years of age or completed 20 years of continuous service.
“An ex-gratia amount will also be provided to the aforementioned employees, who apply for voluntary retirement from June 1, 2022, to July 31, 2022, as a one-time benefit,” the letter said.
