Air India unveils voluntary retirement, separation schemes before merger

Air India has introduced two new separation schemes for non-flying permanent staff ahead of its merger with Vistara. The voluntary retirement scheme (VRS) is available to employees with at least five years of service, while the voluntary separation scheme (VSS) is being offered to those who have been with the airline for less than five years, the airline announced on Wednesday.

However, the airline has not provided specific details about the two schemes. It has offered employees a one-month period to apply for voluntary retirement or separation.

Since its privatisation two years ago, it’s the third time Air India introduced voluntary retirement scheme for its permanent staff. The Tata Group assumed control of Air India in January 2022.