Reportedly 56 year old raghu said “We are the people who work hard to restore mobile connectivity immediately after natural calamities and in the remotest of places in the country. Presently we are the ones who are opting to lose out on service years because of the government’s mismanagement”.
Furthermore BSNL’s VRS 2019 is an attempt to reduce the workforce of the ailing state telecom enterprise. According to a report, 75% of BSNL’s revenue is being spent on wages for its workforce, which constitutes 1.75 lakh employees. Further the telecom company has also been accumulating losses consecutively for the last 10 years. 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 commuted only when they attain 60 years of age (the current retirement age).
Apparently 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. Moreover the scheme is expected to help BSNL save Rs 7,000 crore in the wage bill and the scheme was introduced after the government approved its merger with MTNL. BSNL employees can apply for VRS under this scheme till december 3.