Heena Sharma Blog

Imagine how difficult it would be for a company to survive after a huge chunk of its staff decides to leave. Well, in the case of Bharat Sanchar Nigam Limited and Mahanagar Telephone Nigam Limited — the state-run telecom behemoths — the percentage is around 55 and 75 after the introduction of Voluntary Retirement Scheme (VRS). So, if your landline connection is going dead, or you are unable to browse the internet at a high speed, despite paying for 4G, you are not the only one! Here's how things went wrong with BSNL and MTNL after the introduction of voluntary retirement scheme. The voluntary retirement scheme was introduced to help companies get rid of the surplus staff. This came into action to help companies facing debt crisis or slowdown since the labour laws do not permit direct retrenchment of unionized employees. But, VRS applies to only those employees who have been working for 10 years or more and are above the age of 40 years, which may vary from company to

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