Inside days of presidency approving a aid bundle for the ailing
company, state-owned BSNL has rolled out a voluntary retirement scheme
for its staff, and stated it expects 70,000-80,000 personnel to go for
it resulting in financial savings of about Rs 7,000 crore within the
wage invoice.
BSNL Chairman and Managing Director PK Purwar informed PTI that the
scheme will probably be open between November four and December three,
and that directions have already been given to area models to tell staff
concerning the VRS providing.
In all, practically one lakh BSNL staff are eligible for the VRS out of its complete workers energy of 1.50 lakh.
“This is the best VRS given by the government and BSNL employees
should see it in a positive frame of mind,” Mr Purwar stated. He stated
the company expects 70,000-80,000 staff to go for the scheme, and added
that the saving in wage invoice is anticipated to be about Rs 7,000
crore with these numbers.
In accordance with “BSNL Voluntary Retirement Scheme – 2019” all common and everlasting staff of BSNL together with these on deputation to different organisation or posted outdoors BSNL on deputation foundation, who attended the age of 50 years or above are eligible to hunt voluntary retirement beneath the scheme.
The quantity of ex-gratia for any eligible worker will probably be equal to 35 days wage for every accomplished 12 months of service and 25 days wage for yearly of service left till superannuation.
Mahanagar Phone Nigam Ltd (MTNL) too has rolled out a VRS for its
staff. The scheme, primarily based on Gujarat Mannequin of VRS, will
probably be open for workers until December three, 2019.
In a discover issued by MTNL to staff just lately, it talked about that “all common and everlasting staff of 50 years and above as on January 31, 2020” are eligible to go for the scheme.
The federal government final month had authorized a plum Rs 69,000 crore revival bundle for BSNL and MTNL that features merging the 2 loss-making companies, monetising their property and giving VRS to staff in order that the mixed entity turns worthwhile in two years.
The Union Cupboard has authorized the plan to mix MTNL – which supplies companies in Mumbai and New Delhi – with Bharat Sanchar Nigam Ltd (BSNL) that companies the remainder of the nation.
The rescue bundle authorized consists of infusion of Rs 20,140 crore for buy of 4G spectrum, Rs three,674 crore for GST to be paid on spectrum allocation, firms elevating Rs 15,000 crore in debt on the sovereign assure and authorities funding Rs 17,160 crore VRS and one other Rs 12,768 crore in the direction of retirement legal responsibility.
MTNL has reported losses in 9 of the previous 10 years and BSNL too has been ringing in loss since 2010. The overall debt on each the businesses stood at Rs 40,000 crore, of which half of the legal responsibility is on MTNL alone.
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In all, practically one lakh BSNL staff are eligible for the VRS out of its complete workers energy of 1.50 lakh.
In accordance with “BSNL Voluntary Retirement Scheme – 2019” all common and everlasting staff of BSNL together with these on deputation to different organisation or posted outdoors BSNL on deputation foundation, who attended the age of 50 years or above are eligible to hunt voluntary retirement beneath the scheme.
The quantity of ex-gratia for any eligible worker will probably be equal to 35 days wage for every accomplished 12 months of service and 25 days wage for yearly of service left till superannuation.
In a discover issued by MTNL to staff just lately, it talked about that “all common and everlasting staff of 50 years and above as on January 31, 2020” are eligible to go for the scheme.
The federal government final month had authorized a plum Rs 69,000 crore revival bundle for BSNL and MTNL that features merging the 2 loss-making companies, monetising their property and giving VRS to staff in order that the mixed entity turns worthwhile in two years.
The Union Cupboard has authorized the plan to mix MTNL – which supplies companies in Mumbai and New Delhi – with Bharat Sanchar Nigam Ltd (BSNL) that companies the remainder of the nation.
The rescue bundle authorized consists of infusion of Rs 20,140 crore for buy of 4G spectrum, Rs three,674 crore for GST to be paid on spectrum allocation, firms elevating Rs 15,000 crore in debt on the sovereign assure and authorities funding Rs 17,160 crore VRS and one other Rs 12,768 crore in the direction of retirement legal responsibility.
MTNL has reported losses in 9 of the previous 10 years and BSNL too has been ringing in loss since 2010. The overall debt on each the businesses stood at Rs 40,000 crore, of which half of the legal responsibility is on MTNL alone.
Get Breaking information, stay protection, and Newest Information from India and world wide on HEARALPUBLICIST.com. Catch all of the Stay TV motion on HEARALPUBLICIST 24×7 and HEARALPUBLICIST India. Like us on Fb or comply with us on Twitter and Instagram for up to date information and stay information updates.
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