Tatas will have to retain all AI employees for 1 year, can offer VRS in 2nd

The new owners of Air India will have to retain all the employees of the national carrier for at least one year post which they can offer a VRS.

The gratuity, pension fund and post retirement medical benefits of existing and past employees too would be honoured by the new owner, Civil Aviation Secretary Rajiv Bansal said.

Tata Sons has emerged as the winning bidder for Air India with the government accepting its Rs 18,000 crore offer to acquire 100 per cent of the debt-laden state-run carrier.

Briefing reporters, Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey said the outstanding dues of employees of Rs 1,332 crore as per the report of Justice Dharmadhikari would be paid by the government.