BSNL has introduced a voluntary retirement scheme for its employees.

Business

BSNL-  Public sector telecom company Bharat Sanchar Nigam Ltd. (BSNL) has introduced a Voluntary Retirement Scheme (VRS) for its employees.BSNL currently has 1.5 lakh employees. The company hopes that 70,000 to 80,000 employees will take advantage of this scheme, and this will save about Rs 7,000 crore in salary.

BSNL chairman and managing director PK Purwar said the scheme would be open from November 4 to December 3. Regional units have been instructed in this regard to inform the employees about the offer of VRS. The number of employees of the company is 1.50 lakh, and about one lakh employees are eligible under this scheme.

Employees of 50 years or more can apply

According to BSNL Voluntary Retirement Scheme-2019, all regular and permanent employees of BSNL 50 years or above are eligible to apply for VRS. It also includes employees who are working on a deputation basis in other organizations outside BSNL. For the eligible employee, the ex-gratia amount will be equal to 35 days in place of each service year completed and 25 days salary for the remaining service period.

Government has announced a package of 69 thousand crores

The government had last month announced a revival package of Rs 69,000 crore for BSNL and MTNL. It includes the merger of the two loss-making PSUs, market their assets, and give VRS to the employees. The move is intended to bring the post-merger entity to profit in two years. The Union Cabinet approved the merger of MTNL and BSNL. MTNL serves Mumbai and New Delhi, while BSNL serves other parts of the country.

MTNL plans open to employees till 3 December

Mahanagar Telephone Nigam Limited (MTNL) has also implemented VRS for its employees. The scheme is for the employees until December 3. Recently, the notice issued by MTNL to the employees stated, ‘All regular and permanent employees who have completed 50 years or more by 31 January 2020 will be eligible for the scheme. Both companies expect a large number of employees to adopt it.

Leave a Reply

Your email address will not be published. Required fields are marked *