Heena Sharma Blog

More than 92,000 employees of BSNL and MTNL have opted for voluntary retirement , Union minister Ravi Shankar Prasad said on Wednesday as he asserted that the government will make the two telecom companies profitable as they are strategic assets. The Communications Minister told the Lok Sabha that the merger of BSNL and MTNL will have pan-India foot print, synergy in operations, reduction of fixed costs and overheads, among others. The merger would resultantly help the two companies to "provide better quality services to customers on a pan-India basis," he said. During the Question Hour, the minister said over 92,000 employees of BSNL and MTNL have opted for Voluntary Retirement Scheme (VRS). As part of revival efforts, VRS was introduced for the staff of the two telecom firms and December 3 was the last date for submitting the applications. The employee costs at both firms are high. Both companies are strategic assets and the government would make them more profe

Bharat Sanchar Nigam (BSNL) has rolled out voluntary retirement scheme (VRS) for its employees. The company hopes that about 100,000 employees will avail of the package. The scheme opened on November 4 and will continue till December 3. The total number of BSNL employee is 175,000. All regular and permanent employees of BSNL, including those on deputation to other organisations or deputed elsewhere, are eligible if they are 50 years old or older. The amount of ex-gratia for any eligible employee will be equal to 35 days’ salary for each completed year of service and 25 days’ salary for every year of service left until superannuation. Mahanagar Telephone Nigam (MTNL), too, has rolled out a VRS for its employees. The scheme, based on Gujarat model and it will also be open till December 3. In a notice to employees, MTNL said, “All regular and permanent employees of 50 years and above as on January 31, 2020”, are eligible to opt for the scheme. Read More Article Source