Around 93,000 staff of the nation's largest authorities telecom corporations Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) have opted for the voluntary retirement scheme (VRS) proposed by the central authorities. The authorities selected this VRS scheme as a corrective choice for restructuring of loss-making corporations. Significantly, when the VRS scheme was accredited in October 2019, greater than half of the 1,53,000 staff working for BSNL, 78,569 staff have opted for voluntary retirements (VRS). <! –
While about 80 p.c (14,400) of MTNL's whole 18,000 staff have opted for VRS. According to the report of Indian Express, the officers mentioned that a lot of the staff of BSNL, who’ve opted for VRS, fall within the non-executive class and are within the age group of 55-60 years. A senior official of the Department of Telecommunications (DoT) mentioned that "round 93,000 staff have opted for VRS.
The official mentioned that after this scheme, the wage invoice of BSNL shall be diminished by about 50 p.c, whereas MTNL wage expenditure shall be diminished by about 75 p.c after the completion of the method. Similarly, the annual expenditure on staff shall be diminished from Rs 1,300 crore to Rs 650 crore. After this step, each authorities corporations will even earn from the land.
BSNL has set a income goal of about Rs 300 crore on this monetary 12 months by promoting to the Central Board of Secondary Education and Irrigation Department at locations like Thiruvananthapuram and Bhopal. While MTNL is speaking to the Income Tax Department to lease the constructing. VRS was began from 4 November for workers in each authorities telecom corporations.
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