AI Relaxes Leave Policy For Retiring Employees
NEW DELHI : The Tata Group-backed Air India has decided to relax the leave policy for employees retiring in the next two financial years, as per an internal communication with the employees.
“Our HR team followed up with the external tax authorities and happily were able to reach agreement that, for those superannuating in the next two financial years i.e., FY 2023-24 and 2024-25, we are now able to meet the request. I’m sorry we were not able secure the ability to do so for those retiring later, but we tried," Wilson’s email added.
In March, the airline had told its employees that all accumulated privilege leaves beyond a period of 60 days would be encashed.
Following the announcement, a large number of staff approaching retirement had asked for the changes in the leave policy until their superannuation.
The airline has revised its policy with respect to PLs from April 2023 to align the policy with “prevailing market conditions."
From 1 April onwards, PLs accumulation limit for all employees has been fixed at 60 days in a particular financial year and the remaining leaves are to be encashed.
Earlier, the airline allowed permanent employees to accumulate or encash up to 300 privilege leaves.
Simultaneously, the company’s senior management executives plan to visit regional offices of the airline through the month of June to have more in-person interactions.
In operations, the airline has been trying to improve its information technology system and on-time performance. The airline has recently transitioned to automated Segment Revenue Management System from Amadeus, which is expected to help the airline in data-driven decisions to optimize revenue performance with real-time insights.
In May, Air India was at the second position in the punctuality chart after the country’s youngest airline Akasa Air.
“With our cabin crew and pilot pipeline now flowing well, improvements to the AEP (airport entry pass) process ongoing and (slow but) steady improvement in aircraft reliability, there is no reason why we can’t retake our place back at the top of the OTP charts in the months ahead," Wilson told the staff.
Catch all the
Corporate newsand Updates on Live Mint. Download The
Mint News Appto get Daily
Market UpdatesBusiness News.
Updated: 27 May 2023, 12:47 AM IST
Next Story
No Network
Server Issue
Internet Not Available
Strong Yen Reflects Positive Sentiment As Asian Equities Gain
The Japanese yen strengthened, reflecting positive sentiment as Asian equities posted gains. This trend highlights inves... Read more
Chinas Response To U.S. Tariffs: Threats And Predictions
Following the recent announcement by the Biden administration to impose new tariffs targeting $18 billion worth of Chine... Read more
U.S. Military Aid To Ukraine: Implications And Impact
In the shadow of escalating tensions and ongoing conflict in Eastern Europe, U.S. Secretary of State Antony Blinken's re... Read more
UN Secretary-General Urges Humanitarian Ceasefire In Gaza Amid Escalating Violence
As violence continues to escalate in Gaza, António Guterres, the Secretary-General of the United Nations, has issued a ... Read more
Driving Economic Transformation: China's Rmb1 Trillion Debt Sale
The Strategic Allocation of Debt Proceeds: China's debt proceeds are earmarked for strategic sectors that are poised to... Read more
US Asserts Naval Presence In Taiwan Strait Amidst Rising Tensions With China
Recent geopolitical events have once again brought the Taiwan Strait into the spotlight, as a US warship navigated its w... Read more