New Delhi: The government tends to limit the benefits of employees only to date, the owner of the Cash-Guzzler National Air Carrier India, set a template for the privatization of other public sector companies as part of an ambitious strategic sales program.
This step will mean that the new owner of the airline – which is the main priority company for this year’s disinvestment – will have new terms for employees and can change the compensation package in a way that benefits where he wants to make it more interesting, the source familiar with the privatization program tells Tii.
Indian Air Employees are entitled to several benefits that exceed the usual health and providental fund schemes to also include free tickets for several segments.
Although the number of free tickets that can be released in a year, it is given outside the close family which usually consists of employees, partners and children dependents.
Last year, the Union of Indian water employees had submitted a petition at the Civil Service Ministry that the medical scheme for service and retirees of employees, funds Provident and leave must be continued in their current form even after privatization, on the grounds that it is very important for their well-being.
, Given that some of the benefits of exceeding normal industrial practices, some bidders have concerns because they offer liberal packages to all workers, encourage the government to internally.
A government officer said that it was fair that the center respected his share of commitment, which could only be limited until the time was the owner.
However, workers and employees, believe that they join the company maintain the benefits in mind and remember the assumption that the contract provisions will remain unchanged.
In fact, the benefits of employees are one of the factors that have delayed all processes outside the target date for privatization with several other aspects still decided.
Covid-19 has also delayed the process.
However, a senior officer said that the company, who will see Rs 1,900 fresh crore from the government as soon as the additional request for approved grants, of course will be privatized during the current financial year because the center also wants to check bleeding.
This center aims to call for financial offers in September and all efforts are made to ensure that sales are wrapped in the current fiscal year.
“It might take a little longer but some of the problems decided here will also be used if other companies will be privatized in the coming months,” said a senior officer.