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5th Sep, 09, Financial Chronicle
Air India’s (AI) chairman and managing director Arvind Jadhav is expected to carry out his second reshuffle of directors in the coming week. The rejig becomes necessary as VA Fereira, executive director (personnel) will be retiring soon, and S Mukherjee, executive director (headquarters), retired on August 31.
Executive director (co-ordination) Anita Mitroo is expected to take over as executive director (personnel).
Fereira and Mukherjee will get special post-retirement extension contracts, according to sources. Both of them are likely to get contracts worth over Rs 2 lakh per annum at the director level. Both contracts are slated to be approved at the board meeting on September 8 and 9.
“Although there is some hectic lobbying from some quarters to either grant extension or take on contract some of the officials post-retirement, the AI management appears to be against extension or filling up the post with retired officials,” a source said. The management feels the national carrier is already over staffed, and this may come in the way of extension to superannuating persons or getting people from outside, sources said. The carrier has over 33,000 staff whereas its peers like private carriers Jet Airways and Kingfisher Airlines, who have the same fleet and size, have approximately 13,000 staff.
The national carrier had only last month reshuffled a couple of EDs besides creating a new post of ED (marketing). All the regional EDs (America, Europe, the Middle East, Africa and Asia-Pacific) have been told to operate out of Mumbai. At the same time, five EDs from legal, customer services, co-ordination, integration (cell-1) and internal audit departments have been told to shift their bases to the headquarters by September 4.