Saturday 14 December 2019
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business-standard - 11 days ago

About 92,700 BSNL, MTNL employees opt for VRS; firms to save Rs 8,800 cr annually

Nearly 92,700 employees of BSNL and MTNL have opted for voluntary retirement, which is expected to save about Rs 8,800 crore annually in salary bills for the debt-laden telecom companies. Top officials of both state-run firms have said that the numbers have exceeded the target set for the voluntary retirement scheme (VRS), which closed on Tuesday. In case of BSNL, over 78,300 employees opted for voluntary retirement which is over half of the company s total manpower. While as many as 14,378 employees of MTNL, accounting for 76 per cent of the total strength, opted for the VRS. Approximately 78,300 employees have opted for the VRS as per data received from all the circles till the closing of the scheme. Besides VRS applicants, around 6,000 employees have retired. This is as per our target. We were expecting reduction of 82,000 headcount, BSNL Chairman and Managing Director P K Purwar told PTI. The company estimates that the reduction in employees strength will help the company reduce


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