Air India directed to stop new hires and promotions

In the wake of its proposed privatisation, the Indian govt has asked Air India to put a freeze on large-scale promotion and appointments. New flights are to be started only when it is extremely necessary and after due diligence from commercial aspect. "The direction came almost a week back. It says that due to impending privatisation, no major initiatives have to be taken up. There will be freeze on appointments and promotions," an official source said. The directive was issued by the Department of Investment and Public Asset Management or DIPAM. After failing to find a bidder in its previous term, the Modi 2.0 govt is working on war-footing to sell Air India to a private player. It has already reconstituted the group of ministers to decide the course of privatisation. <br/>
IANS
https://gulfnews.com/business/aviation/going-private-air-india-directed-to-stop-new-hires-and-promotions-1.1563678644212
7/21/19
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