Air India to send staff on leave without pay for up to five years
attached),” the notice said.
It added that the Scheme authorises the airline’s chairman and managing director to pass an order whereby an employee could be sent on leave for six months or for a period of two years extendable upto five years, depending upon factors like suitability, efficiency, competence, quality of performance, health of the employee, redundancy, etc. The airline’s regional heads and departmental leaders have been asked to forward a list of employees for compulsory LWP by 15 August.
When contacted, an Air India spokesperson was not immediately available for comments.
Air India has over 11,000 permanent employees on its rolls, which include staff from its subsidiary companies.
Indian airlines are staring at a revenue loss of ₹1.3 trillion between fiscal 2020 and 2022 due to the ongoing pandemic that has severely hit demand, rating agency Crisil said in a report on Wednesday.
Airlines are also unlikely to recoup from this loss and bounce back to pre-pandemic levels of double-digit growth at least in the medium term, said the report.