Vistara brings VRS before merger with Air India, employees will be able to apply through this method
Before the merger with Air India, Vistara has offered voluntary retirement as well as voluntary separation schemes for non-flying employees. The officers provided this information. Vistara is a joint venture between Tata and Singapore Airlines. It has more than 6,500 employees including permanent and contract. Officials said that Voluntary Retirement Scheme (VRS) and Voluntary Separation Scheme (VSS) have been offered for non-flying permanent employees. Eligible employees can apply for these schemes till August 23.
This scheme is similar to Air India
VRS is for those who have completed five years of service in the airline, while VSS is for those employees who have not yet completed five years of service in the airline. These plans are similar to those introduced by Tata Group-owned Air India earlier this month. These schemes will not apply to pilots, crew members and those holding licenses for the discharge of their duties. There was no official comment from Vistara on these plans.
Vistara was started in 2015
The airline started flying in 2015. Sources had said earlier this month that Air India has introduced a Voluntary Retirement Scheme (VRS) for permanent employees with at least five years of service in duties other than flying services. Voluntary Separation Scheme (VSS) has been introduced for employees working for less than five years.