Tag: VRS

In October, the government approved the plan to revive the two-loss, making telecom operators BSNL and MTNL. In the process of reviving, it will merge both the operators and the amount that would be incurred to revive the operator would be Rs. 69,000 crores. In the process of reviving the company, both MTNL and BSNL introduced the voluntary retirement scheme. The reason was that a large amount of the income used to go in paying the wage bill. BSNL Voluntary Retirement Scheme-2019 received an unexpected response, and a lot of employees went on to take the benefit of the scheme. The question here is, Do we as a user switch to other operators or hold on? Last few months have been tough for every telecom companies. To avoid any further loss, the scheme came to merge BSNL and MTNL. However, the government has now thought of giving massive help to both the operators and bring back their life. As per the report, both the operator has around Rs 40,000 crore loss, and BSNL is required to pay the full amount. Damage includes the dues of operational creditors and the vendor. However, this revival plan will help BSNL and bring them back to normal functioning. Seeing the loss and trouble of the company, a lot many BSNL subscriber are switching to different operators or porting their numbers.

The State-owned telecom company released a voluntary retirement scheme (VRS) for its employees with an aim that this will help the company to save around Rs 7,000 crores in the wage bill. From the Scheme, they are expecting that round about 70,000 to 80,000 employees will opt for it, which will be helping them in finance. Out of the total staff of 1.5 lakh, around 1 lakh employee are eligible to avail the Scheme.  As per the Chairman and Managing Director of BSNL P K Purwar, the Scheme will be open from November 4 and will be available till December 3. He added that the instructions are given to the people in Field units to inform the employees about the VRS scheme.