{"id":1281654,"date":"2024-05-15T08:44:54","date_gmt":"2024-05-15T03:14:54","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1281654"},"modified":"2024-05-15T08:45:15","modified_gmt":"2024-05-15T03:15:15","slug":"air-india-vistara-merger-7000-employees-to-be-integrated-merger-by-december","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/air-india-vistara-merger-7000-employees-to-be-integrated-merger-by-december\/","title":{"rendered":"Air India, Vistara Merger: 7000 Employees To Be Integrated, Merger By December"},"content":{"rendered":"\n

A recent media report<\/a> indicated that the assessment of over 7,000 employees have been completed With the Air India-Vistara merger in progress.<\/p>\n\n\n\n

\"Air<\/figure>\n\n\n\n

Air India – Vistara Merger, Assessment of 7000 Employees<\/strong> <\/p>\n\n\n\n

This process holds a great significance as these employees’ roles will be clear by the end of June, said the sources on Monday.<\/p>\n\n\n\n

Prior to this, the Air India CEO and MD Campbell Wilson along with Vistara CEO Vinod Kannan held a one-and-a-half-hour long town hall meeting with the employees of both carriers about the proposed merger on Monday.<\/p>\n\n\n\n

Further, Wilson said the merger is expected to be completed by year-end, during this phygital meeting.<\/p>\n\n\n\n

As of date, Air India and Vistara have more than 23,500 employees together.<\/p>\n\n\n\n

More than 7,000 staff have been assessed and their fitment will be completed in June, according to Wilson.<\/p>\n\n\n\n

By that time, fitment or broadly the roles and responsibilities of these employees, including the flying staff, will be clear, said the sources.<\/p>\n\n\n\n

Work In Progress<\/strong><\/p>\n\n\n\n

The process has already started with around 120 pilots being seconded between Vistara and Air India, and the movement of employees will continue between the two carriers through secondment. <\/p>\n\n\n\n

Here, secondment refers to sending staff of one airline to another airline.<\/p>\n\n\n\n

Sources said that they are ensuring the fairness and transparency of this process and informed the staff that the organization structure has been finalized with the help of a global consulting firm, leveraging benchmarking and learning from the overall airline industry.<\/p>\n\n\n\n

They have also considered the plans for fleet expansion, network growth and enhanced service over the next few years while deciding on the organization structure.<\/p>\n\n\n\n

Besides this they have also assured that the fitment or assignment of existing employees into the new structure is being done on the basis of merit and competency.<\/p>\n\n\n\n

 It is noteworthy here that the employees of the combined airline will benefit from being part of the combined Air India Group with a vision of an accelerated growth path and a stable financial foundation, Wilson said.<\/p>\n\n\n\n

As far as the merger is concerned, it is still awaiting the nod from the National Company Law Tribunal (NCLT) in India.<\/p>\n\n\n\n

Singapore’s competition regulator CCCS gave a conditional nod for the proposed merger during March this year.<\/p>\n\n\n\n

Moving ahead, this deal received approval from the Competition Commission of India (CCI), subject to certain conditions in September 2023.<\/p>\n\n\n\n

Earlier, Tata Group took over the reins of loss-making Air India during January 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

A recent media report indicated that the assessment of over 7,000 employees have been completed With the Air India-Vistara merger in progress. Air India – Vistara Merger, Assessment of 7000 Employees  This process holds a great significance as these employees’ roles will be clear by the end of June, said the sources on Monday. Prior […]<\/p>\n","protected":false},"author":27,"featured_media":1281667,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[225,1055],"class_list":["post-1281654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-air-india","tag-vistara"],"acf":[],"yoast_head":"\nAir India, Vistara Merger: 7000 Employees To Be Integrated, Merger By December - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/air-india-vistara-merger-7000-employees-to-be-integrated-merger-by-december\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Air India, Vistara Merger: 7000 Employees To Be Integrated, Merger By December - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"A recent media report indicated that the assessment of over 7,000 employees have been completed With the Air India-Vistara merger in progress. 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