The management of Bharat Sanchar Nigam Ltd (BSNL) has failed in implementing the State-owned firm’s revival package to restore its financial health and disburse salaries on time, according to an employees’ union.
The Government had provided a sovereign guarantee to BSNL for raising ₹8,500 crore from the market through bonds. Further, the company’s monthly salary expenditure has also slashed by 50 per cent, following the retirement of about 80,000 employees through the Voluntary Retirement Scheme.