Press Esc to close

AI disinvestment: Unions to discuss strategy next week

Press Trust of India, Mumbai, Oct 19 2017, 22:16 IST
Air India, which has over 20,000 employees on its roll, has as many as six recognised unions, representing ground and commercial staff, pilots, cabin crew and engineers, among others, besides, several unrecognised unions. File Photo

Air India, which has over 20,000 employees on its roll, has as many as six recognised unions, representing ground and commercial staff, pilots, cabin crew and engineers, among others, besides, several unrecognised unions. File Photo

Air India unions are likely to meet next week in the national capital to discuss their strategy amid the government going ahead with the disinvestment process.

Sources say efforts are on to bring all staff unions of Air India including those of the pilots and engineers on one platform and workout a strategy to deal with the situation arising out of the government’s decision to offload its stake in the flag carrier. “In the last few months, several Air India unions have held discussions at an individual level with the management on the issue of disinvestment.

“But now there is need for all unions to come together and talk to the government in one voice on airline’s privatisation,” said a leader of one of the largest unions at Air India.

Air India, which has over 20,000 employees on its roll, has as many as six recognised unions, representing ground and commercial staff, pilots, cabin crew and engineers, among others, besides, several unrecognised unions.

To revive the loss-making state-run carrier, which also has a debt burden of over Rs 50,000 crore, the government has decided to go for its strategic disinvestment and the modalities are being worked out by a Group of Ministers headed by Finance Minister Arun Jaitley.

“We are going to talk to all the unions and bring them on one platform to prepare a common strategy while we sit with the management on the issue of disinvestment next time. We are planning to call a meeting of all these unions next week,” the source said. Significantly, seven Air India unions have already expressed their opposition to the airline’s privatisation.

On June 28, the Cabinet Committee on Economic Affairs had given in-principle approval for strategic disinvestment of Air India and five of its subsidiaries.The government has already invited applications for engaging up to two advisers, a legal adviser and asset valuer for the strategic disinvestment of Air India and its subsidiaries/ joint venture.

Go to Top

More from this section
Most trending stories
Photo Gallery
A farmer burns the residue of her sugarcane crop at her farm on a cold foggy morning...

A farmer burns the residue of her sugarcane crop at her farm on a cold foggy morning...

Kite-enthusiasts display a kite with an image of Kulbhushan Jadhav during International Kite...

Kite-enthusiasts display a kite with an image of Kulbhushan Jadhav during International Kite...

Honey bees visit a flower near Vijay Chowk area in New Delhi...

Honey bees visit a flower near Vijay Chowk area in New Delhi...

A squirrel eats corn grains on a cold winter morning in Bhopal ...

A squirrel eats corn grains on a cold winter morning in Bhopal ...

Jawans near the coffin of late Head Constable A Suresh, who was killed in a ceasefire violation...

Jawans near the coffin of late Head Constable A Suresh, who was killed in a ceasefire violation...

Miss World 2017 Manushi Chhillar and actor Rekha pose for a picture...

Miss World 2017 Manushi Chhillar and actor Rekha pose for a picture...

Actor Sunny Leone gives her measurement for her wax statue to be displayed at Madame Tussauds...

Actor Sunny Leone gives her measurement for her wax statue to be displayed at Madame Tussauds...

A woman dries red chillies at a field in a village near Jodhpur on Thursday....

A woman dries red chillies at a field in a village near Jodhpur on Thursday....

Pope Francis holds a cross that reads in Spanish

Pope Francis holds a cross that reads in Spanish "I give you my peace" upon arrival...

A villager displays a mortar shell allegedly fired on a residential area from the Pakistan...

A villager displays a mortar shell allegedly fired on a residential area from the Pakistan...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.