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FULL STORY > Services
1863 Biman staff sent into retirement
Tuesday, July 03,2007

DHAKA: At last authorities of Biman Bangladesh Airlines sent 1863 employees from the national flag carrier into voluntary retirement, according to Biman Bhaban sources on Monday.
“We have accepted 1863 out of 2,162 applications signed up for voluntary retirement”, said a high official of Biman.
Sources said the golden handshake opportunity covered 1,8,63 employees at various levels with Tk 297 crore, which was part of a government effort to overhaul the loss-making national flag carrier, now staffed with above 3,400.
Biman authorities received 2,162 applications for voluntary retirement and it planned to cut 1,593 jobs to reduce Biman’s manpower to 3,400 from around 4,700.
The Biman organogram has a provision of 6800 workforces and 4700 employees are now working in different wings of the Biman.
Biman’s compensation offer under the voluntary retirement scheme is divided into four slabs on the basis of service length of the staff in the organisation.
In the first slab, an employee who has served for 25 years or more will get 15 per cent more than the pension amount he is supposed to get after retirement.
In the second slab, retirement employee who has served more than 20 years but less than 25 years will get 20 per cent more than his pension amount while in third slab, an employee who has served more than 15 years but less than 20 years will get 25 per cent more than his pension money.
In the fourth slab, an employee whose service track is more than five years but less than 15 years will get 30 per cent more than his total pension amount.
However, Biman authorities finalised the list of voluntary retirement opportunity on June 28 and it already sent to ministry. The opportunity will not approve those applications whose are essential to run Biman.
The interim government has decided in principle to transform the Biman Bangladesh Airlines into a public limited company to prevent the huge losses that the national flag carrier has been reeling under for years.


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