BSNL agrees to lay off 54,000 employees, but waiting for elections to be over: Report
State-owned and run telecommunications companies firm Bharat Sanchar Nigam Restricted or BSNL has simply accepted a proposal to put off virtually 54,000 workers. This was a part of a ten-point measure that was advised by the board of which three have been accepted. The measures have been strategies made by an knowledgeable panel that was arrange by the federal government. However the Division of Telecom has determined to carry off the implementation of this new measure till the tip of the elections when this is able to be mentioned once more earlier than implementing.
The strategies that have been made through the March assembly will see a ultimate spherical of resolution making after the election is over to make sure the brand new authorities takes a name on the identical. In line with a report by the Deccan Herald, a supply within the firm mentioned, “Announcing the VRS package or job cuts and shutting down businesses of the telecom firm would have huge implications on employees and ongoing elections. DoT decided to wait and watch.”
Apart from this, the opposite two strategies have been accepted by the board, which incorporates the discount of the age of retirement from 60 years to 58 years, and Voluntary Retirement Service will likely be provided to workers over the age of 50. The common age of the BSNL workers is above 55 years. And it’s this new rule that may immediate the retirement of 33,568 workers alone, and save the corporate Rs 13,895 crore over the following six-years on the wage-bill. And the brand new VRS rule will price the corporate, an estimated Rs 13,895 crore.
BSNL has been below fixed monetary bother because the creation of Reliance Jio as a competitor. It has confronted virtually a 20 % dip within the revenues through the 2017-2018 tenure. It’s presently working at a lack of Rs 7,993 within the 2017-2018 tenure which is 66 % greater than the final yr.