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December 4, 2020
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VRS can take 80,000 BSNL employees, company will save 7,000 crore annually

Reading Time: 2 minutes
  • BSNL hopes 80,000 workers can take advantage of VRS scheme
  • Due to this, the company will save Rs 600 crore every month on account of the salary.
  • The company says that if the plan is successful, the company will be in profit within five years
  • Nearly 70,000 people have already opted for VRS

 

Government telecom company Bharat Sanchar Nigam Limited (BSNL), which was stuck in the financial crisis, has hoped that around 80,000 employees of the company can opt for the VRS (Voluntary Retirement) scheme.

With this, the company will save Rs 600 crore every month on account of the salary. BSNL hopes that if this happens, it will save Rs 7,000 crore every year and thus it will be profitable within five years.

BSNL 80,000 employees can take the VRS scheme

80,000 employees of state-run telecom company BSNL can opt for the VRS scheme. This will save the company Rs 7,000 crore annually and thus the company will be profitable in five years.

70,000 personnel selected VRS

BSNL CMD Praveen Kumar Purwar says that around 70,000 people have already opted for VRS and they expect a number of employees to take VRS before the scheme ends in December.

58,000 VRS was assessed

Purwar told our colleague Times of India, ‘We have given the Handsome VRS package and are confident that our goal of giving VRS to 80 thousand people will be achieved.’ Explain that the government had hoped that around 58,000 employees of the company can opt for the VRS scheme, but this number has been exceeded.

The country’s largest loss-making company

BSNL is the largest loss-making state-owned company in the country and it is expected that its loss will increase to around Rs 14,000 crore in FY 2018-19.

MTNL also brought the VRS scheme

Mahanagar Telephone Nigam Limited (MTNL) has also launched VRS for its employees. The scheme is based on the Gujarat model and will also be open to employees till 3 December 2019. The central government last month approved a plan to bring MTNL and BSNL together.

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