CLEAN : India sells struggling Air India back to Tata conglomerate

The video discusses the transaction process involving advisors and confidentiality. Tata Sons, through their SPV Dallas Private Limited, emerged as the winning bidder with a bid of 18,000 crore. The transaction aims to close by December 2021, with the winning bidder retaining all employees for one year and offering a VRS if retrenchment is necessary in the second year.

What commitments does the winning bidder make regarding employee retention?

What options are available for employees if retrenchment occurs after the first year?