As many as 70,000 employees in BSNL have already chosen the VRS system that was launched last week, the chairman and CEO of state telecommunications company PK Purwar said on Monday.
A total of nearly one lakh BSNL employees are eligible for the Voluntary Pension System (VRS) of their total strength of about 1.50 lakh. BSNL has set its internal target for VRS of 77,000 employees, and the actual date for voluntary retirement under the current system is January 31, 2020. ”The number of employees who have chosen VRS to date has reached about 70,000. The response has been strong across the board. , "Purwar told PTI.
The company has also been urged by the telecommunications department to consider measures to ensure smooth operation and continuity of the company as soon as possible, especially with regard to telephone exchanges in rural areas, following the launch of the VRS system, which will reduce staffing
"BSNL Voluntary Retirement Scheme ̵
According to the scheme, all regular and permanent employees of BSNL including those who are deputies to In other organizations or posted outside the company on a deputation basis, who participated at age 50 or over are eligible to apply for voluntary pension under the system.
The amount of ex-gratia for all eligible employees will be equal to 35 days 'salary for e Ach completed year of service and 25 days' salary for each service service remaining until supermanuation.
Mahanagar Telephone Nigam Ltd (MTNL) has also rolled out a VRS for its employees. The system, based on the Gujarat Model, will also be open to employees until December 3, 2019.
The Union Cabinet last month had approved the plan to combine MTNL – which provides services in Mumbai and New Delhi – with Bharat Sanchar Nigam Ltd (BSNL) providing the rest of the country.
The rescue package approved by the government includes infusion of Rs 20,140 crore for purchase of 4G spectrum, Rs 3,674 crore for GST payable on spectrum allocation, companies raising Rs 15,000 crore in debt on state guarantee, state funding of R17 1760 crore for VRS and an additional Rs 12,768 crore towards pension debt.
The two companies will also make money worth Rs 37,500 crore over the next three years. MTNL has reported losses during nine of the past ten years and BSNL has also lost losses since 2010. The total debt for both companies was Rs 40,000 crore, half of which is solely on MTNL. PTI MBI BAL