India

As part of consolidating its airline business, Tata Group is also merging Air India Express and AIX Connect (formerly AirAsia India).2 min read Last Updated : Jul 19 2024 | 12:32 AM IST As many as 300 non-flying employees on fixed-term contract (FTC) at the Tata Group-owned Air India are unlikely to get their service agreements renewed after they failed to secure a place in the company in the run-up to the merger of Vistara with it, sources privy to the development have said. So far, these employees, who have been working with Air India for 10-15 years in different departments, had been getting their employment contracts renewed, they said. "But as they have not been assigned any role during the fitment exercise, which is almost complete now, their contracts are not unlikely to be renewed," a source told PTI. The number of FTC employees who may not get their contracts renewed stands around 300, said another source. Air India did not respond to a PTI's query on the issue. The airline on Wednesday announced a voluntary retirement scheme/voluntary separation scheme to its permanent employees who have been found redundant or surplus in the fitment exercise. "Being on contract, these employees are not entitled to schemes like VRS or VSS, which Air India announced for its permanent staffers, and so they will not be getting such offers, unlike permanent employees, who also did not find a position after the fitment exercise," said the source. As part of consolidating its airline business, Tata Group is also merging Air India Express and AIX Connect (formerly AirAsia India). Vistara is a 51:49 per cent joint venture between Tata Sons and Singapore Airlines while Air India, Air India Express and AIX Connect are fully-owned by the steel-to-software conglomerate. The fitment exercise -- involving the evaluation of roles and responsibilities of staffers of both airlines -- in the run-up to the merger has been going on for the past few months. The exercise takes into account an individual's prior experience, performance and other factors. The two full-service carriers -- Air India and Vistara -- together have more than 23,000 employees and after the fitment exercise a lot of redundancies have appeared, largely in the legacy carrier. Tata Group took over the reins of Air India in January 2022 and in November that year the Group announced consolidation of its airline business in the form of a full-service carrier and a low-airline by way of merging Vistara with Air India and AIX Connect with Air India Express.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)First Published: Jul 19 2024 | 12:32 AMIST





Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021


Buy Our Merchandise (Peace Series)

 


Contribute US to Start Broadcasting



It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.


STRIPE


India M As back in action, up 14% in the first nine months of 2024


Plutus Wealth increases shareholding in SpiceJet, buys Rs 50 cr worth share


[India] - Protect Connection launches Honeywell-branded air purifiers: Check details


Google Pixel 9a leaked renders mean departure from visor try to find camera


[India] - Market regulator Sebi presents 6 steps to control F O speculation


[India] - India M As back in action, up 14% in the first nine months of 2024


Plutus Wealth increases shareholding in SpiceJet, buys Rs 50 cr worth share


[India] - AIX Connect's merger into Air India Express is total, says DGCA


[India] - Ola Electric's supremacy fades as Indian e-scooter battle intensifies


[India] - Govt launches PM E-DRIVE aid scheme for EVs with Rs 10,900 cr expense


[India] - IIFL Home Finance to raise up to Rs 3,000 cr via public issue of bonds


[India] - Stock Market Highlights, Oct 01: Sensex ends flat, Nifty below 25,800; Smallcap shares shine


[India] - Is celeb overdose killing brands HRX, Kay Beauty shine; some struggle


'A masterstroke': Indian Army chief on Israel's Hezbollah pager attack


[India] - Protect Connection launches Honeywell-branded air cleansers: Check details


Rahee Infratech files IPO papers with Sebi, intends to raise Rs 420 crore


[India] - AI Express-AIX Connect merger type in improvement journey: Wilson


Godrej Properties' board approves Rs 6,000 cr fund raise through securities


Lufthansa aims to restore 'problem child' airline company by 2026: CEO Carsten Spohr


[India] - Ford prepares to make EVs at TN plant, seeking re-entry into Indian market


Google Pixel 9a dripped renders mean departure from visor try to find video camera


Sebi to take step for F O sector quickly; require tax breaks on bonds


Sun Pharma indications certifying pact with Philogen for cancer medication


Sun Pharma signs certifying pact with Philogen for cancer medication


[India] - Soft increase in new company, output slows mfg PMI to 8 month low in Sep


Qatar Airways purchases into Virgin Australia, raises stakes against Qantas


[India] - OnePlus 13 with Qualcomm SD 8 Gen 4 might introduce in October: What to expect


Qatar Airways purchases into Virgin Australia, raises stakes against Qantas


Soft increase in New business, Output slows mfg PMI to 8 month low in Sept


[India] - OnePlus 13 with Qualcomm SD 8 Gen 4 might release in October: What to anticipate


[India] - Ahead of festive season, 19 kg commercial LPG price hiked by Rs 48


[India] - Film star Govinda shoots himself in the foot accidentally, admitted to ICU


[India] - Ahead of joyful season, 19 kg industrial LPG price treked by Rs 48


[India] - Govinda shoots himself in the foot while cleaning gun, confessed to ICU





53