Vistara is offering voluntary retirement scheme (VRS) for its ground staff as it prepares to merge with Air India. Vistara's move comes close on the heels of a similar announcement by Air India earlier this month. Ex-gratia amountThe Tata-Singapore Airlines joint venture has declared that permanent ground staff with more than five years of continuous service can apply for a VRS. In case of Air India, the airline may have to let go off around 600 staffers in the integration exercise. Air India has had two rounds of VRS since privatisation and the third scheme was announced in July.

Source: The Hindu July 29, 2024 19:44 UTC