No job cuts after Air India, Indian merger

The government has mandated that the proposed merger between Air India and Indian should be tailored to ensure the integration process be as painless as possible with no job losses. Civil aviation minister Praful Patel said the salary, status and other perks of every employee with both the airlines will be protected under the merger exercise. The minister informed the Parliament that the initial work relating to pre-merger activities would be completed in ten weeks, which would enable the companies to prepare a detailed note for the approval of the government. "After receipt of Government approval, the necessary merger process would be initiated. The exercise is likely to be completed by the beginning of the next financial year," he said. He said the consultants have confirmed that while devising the integration process, care is being taken to ensure protection of the current compensation and perquisites of staff of the two airlines.

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