By Staff Correspondent
Air India, owned by the Tata Group, has announced a revised leave policy for employees who will be retiring in the next two financial years, according to an internal communication with the staff. In an email, Wilson stated that the company’s Human Resources team had successfully engaged with external tax authorities, enabling them to accommodate the requested changes for those retiring during fiscal years 2023-24 and 2024-25. Wilson expressed regret that they were unable to extend this provision to employees retiring beyond that period.
Earlier in March, the airline had informed its employees that any accumulated privilege leave exceeding 60 days would be converted into cash.
Following the announcement, a significant number of staff members nearing retirement requested modifications to the leave policy applicable until their superannuation.
From April 2023, the airline has revised its policy on privilege leaves (PLs) to align with “prevailing market conditions.” Under the revised policy, all employees will have a cap of 60 days for PL accumulation within a financial year, with any remaining leave being converted into cash. Previously, permanent employees were allowed to accumulate or convert up to 300 privilege leaves.
Additionally, the company’s senior management executives plan to visit regional offices of the airline throughout June to engage in more face-to-face interactions.
Air India has been focused on improving its information technology system and on-time performance. The airline recently transitioned from Amadeus to an automated Segment Revenue Management System, which is expected to aid the airline in making data-driven decisions to optimise revenue performance with real-time insights.
In May, Air India ranked second in the punctuality chart, following the country’s youngest airline, Akasa Air.
Wilson informed the staff that with a smooth cabin crew and pilot pipeline, ongoing improvements to the airport entry pass (AEP) process, and steady enhancements in aircraft reliability, there is no reason why they cannot regain their position at the top of the on-time performance charts in the months ahead.