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As uncertainty continues …… the fate of the shuttered Jet Airways, an employees’ ………. has proposed to take over the airline, with at least rupees 3,000 crore expected from outside investors for the bid, according to two staff unions. Two associations representing pilots and engineers have written to State Bank of India (SBI) Chairman Rajnish Kumar proposing that they would take over the airline and can ……… up to rupees 7,000 crore.“The contribution from employees would be realised from their future earnings and increased productivity. As per our initial ………, the contribution of employees’ group over a hypothetical 5-year Employee Stock Ownership Programme (ESOP) is ………. to be upward of rupees 4,000 crore,” the letter said.
an employees’ ………. has proposed to take over
joint venture
consortium
collection
merger
- The passage discusses the possibility of Jet Airways employees taking over the company.
- An employees' group plans to gather funds from investors and employee contributions.
- Future earnings and increased productivity through an Employee Stock Ownership Programme (ESOP) are mentioned.
Options:
1. Joint venture: A business arrangement where two or more parties work together.
2. Consortium: A group formed to undertake an enterprise beyond the resources of any one member.
3. Collection: Accumulation of items, not fitting here.
4. Merger: Combination of companies, not initiated solely by employees.
Answer: Consortium
A consortium involves multiple parties coming together to make a bid, fitting the context perfectly. “”
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