As is known, the biggest chunk of the bailout package is the nearly Rs 30,000-crore voluntary retirement scheme (VRS) through which the government plans to trim the company’s huge workforce of nearly 1.65 lakh, which eats up 77% of its revenues.
vrs is for 50+ age employees so lets say average age of those who opt for vrs is 55 and bsnl save 5x7000 cr = 35000 cr. Thats not a huge saving from 30000cr allotted for vrs. And if all 70-80k don't opt for vrs.
This is very crude calculation and I feel its wrong. I will update after some research.
“We are the people who work hard to restore mobile connectivity immediately after natural calamities and in the remotest of places in the country. Now we are th
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According to reports, employees above the age of 53.5 years will get 125% of their salary, which they could have earned in the balance period of their service. Employees in the age bracket of 50 to 53.5 years opting for VRS will get benefit in the range of 80 to 100% of the remuneration to be paid in the balance period of their service. For employees over 55 years of age opting for VRS, the pension will be computed only when they attain 60 years of age (the current retirement age).
Over 60,000 employees have applied for Voluntary Retirement Scheme in BSNL and MTNL, telecom secretary Anshu Prakash said on Friday.BSNL's internal target for VRS is pegged at 77,000 employees, PTI reported
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how these news sites are getting away with copy pasted content.
So BSNL will pay people to retire instead of paying them to work. Some how I think in the short and medium term this is a very bad plan. Will leave them severely short staffed.
A week after BSNL launched its Voluntary Retirement Scheme, over 70,000 employees have opted for the scheme. P K Purwar, Chairman and MD of BSNL told PTI that t
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