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HIT BY TURBULENCE: Air India's move comes at a time when the industry is in a state of crisis.

HIT BY TURBULENCE: Air India

AI to offer leave without pay option to 15,000 staff

The global financial crisis may force state-owned Air India to downsize. Air India Chairman Raghu Menon says the airline is considering three-five years of leave without pay for up to 15,000 employees. Sources say the leave without pay scheme would be optional for the employees. Air India management say they have been considering the leave without pay scheme for the past few months.

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