Will,Air,India,Able,Come,Out,t travel,insurance Will Air India be Able to Come Out of this Situation
Torres del Paine is among the biggest of Chiles national parks, occupying almost 600,000 acres (242,000 ha) of land in the south on the border with Argentina. It is also among the most important, receiving a significant proportion of domes Like any American, traveling occasionally is just what I love doing and I bet you share the same stuff with me. But traveling does not mean that you would be safe. Escaping from our job and other stressful activities is just something that w
Normal 0 That was then. The recession of 2007-2009 took a toll on AirIndia, as with the case of many airlines globally. Alitalia, the Italiancarrier went bankrupt and till date, about 30 airlines all across have shutdown their shops or are looking for buyers. Air India is no exception. Being apremier public sector company, it has employed a large number of men and womenfor various operations. Their future looks in grave doubt now. A week ago, the union civil aviation minister Praful Patelgave Air India a 30 day ultimatum to cut the fat and restructure it completely.He also mentioned disinvesting a sizeable amount, and get private players tocome in. AI in reality, is an overstaffed organization. Of late, theprofessional standards, upon which the very ethos of this organization rested,have taken a nosedive. Due to the high oil price of H1 2008, the global recessionand the swine flu, Air India's backbone is almost broken now and it is on thebrink of being wiped out. More than 30,000 employees' June salary has beendelayed to 15th of this month and the top management had to forego their entireJune salary. Air India got its first major shake up today as two of itssenior directors getting reassigned and the government questioning therecruitment of 300 retired AI officials in the past 3 years. No one knows whathappening next. The future of every AI employee hangs in the balance, as theyeagerly wait for the next update. The restructuring plan is falling in placeand many senior heads are going to roll. Many lower level employees going tolose their jobs. British Airways, last month had asked about 1000 employees towork without any pay. Not sure if the same model is going to work with AirIndia though. There is a cloud of uncertainty in every quarter of this greatairline. The steps taken by the government and the airline are in theright tune. Though restructuring may not be the only step, it must ensure togive their laid off employees a decent severance pay, and ease out nonperforming assets. Voluntary retirements can be an option as well. Tough timescall for tougher measures. This is the only way by which we can revive thegreat brand, Air India.
Will,Air,India,Able,Come,Out,t