BSNL, MTNL Employees About 92,700 Opt For Voluntary Retirement
The government’s bait seems to have paid off, with 92,685 employees of BSNL and MTNL opting for the Voluntary Retirement Scheme (VRS) that opened on November 4 and closed on December 3.After the approval of Cabinet The scheme was launched through the companies’ portals on October 24. The Cabinet had also approved a plan to merge MTNLwith BSNL, operates across the country. A total of 14,383 employees out of the eligible 16,370 employees opted for the VRS. Their last day in office will be January 31, 2020,”. This means just 4,117 employees will remain with the organisation, against the current strength of 18,500. CMD of BSNL, PK Purwar said around 78,300 employees had applied for the VRS as of Tuesday evening, but the company will take time till Wednesday to get the exact numbers. BSNL has an employee strength of around 1.6 lakh. “It could be anywhere between 78,300 and 78,500 out of the total eligible number of 83,000 employees,”. PK Purwar aid, adding that many have also withdrawn their VRS applications, so an exact number will be known later. The withdrawal happened over the past few days, after the management persuaded meritorious employees to reconsider their decision. Most of them had opted for the scheme fearing massive transfers, salary delays and rising work pressure, among others. However, both the companies confirmed that the window for applications has been closed and an extension is unlikely. While the target of BSNL wasa f around 83,000 employees for the VRS, MTNL’s stood at 15,000. The scheme was open till 5.30 pm on Tuesday. The voluntary retired will get 100-125 per cent of the salary for the remaining years of service, including pension, based on the retiring month wage.