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BSNL announces VRS; 01 lac employees may avail benefit

By Indian Mandarins- 07 Nov 2019
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The government telecom player BSNL has announced VRS scheme for its employees which it expects that around 100,000 employees will avail. The scheme opened on November 4 and will continue till December 3. There are around 1.75 lakh total BSNL employees.

All permanent employees of BSNL including those on deputation to other organisations or deputed elsewhere are eligible if they are 50-year-old or more. The amount of ex-gratia for any eligible employee will be equal to 35 days’ salary for each completed year of service and 25 days’ salary for every year of service left until superannuation.

MTNL, too, has come up with similar VRS for its employees. The scheme will also be open till December 3. The government approved a Rs 69,000-cr revival package for BSNL and MTNL. The plan includes merging the two loss-making firms, monetising their assets and giving VRS to employees so that the combined entity turns profitable in two years.

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Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.