Reportedly at a time when several reports indicate that the government is looking to shut state-run Bharat Sanchar Nigam Limited (BSNL), the employees of the ailing telecom firm have urged Prime Minister narendra modi to approve a revival package to rescue the company. Meanwhile BSNL employees urged the government to approve the bailout package prepared by the Department of Telecommunication (DoT) and suggested that the company can be revived. Employees of BSNL have exuded confidence that the company can be revived in three to four years as per the DoT's estimate.

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When speaking to reporters, K Sebastian, general secretary, Sanchar Nigam Executives Association, said he recently wrote a letter to PM modi and urged him to approve the bailout package without delay. Furthermore BSNL has asked the government for help by converting its existing debt into a sovereign guarantee, a pay revision and a voluntary retirement scheme (VRS) apart from allowing the state run telco to get 4G spectrum across india through equity infusion of Rs 7,000 crore.



Moreover BSNL has over 1.70 lakh employees and almost half of the company's employees are set to retire over the next five to six years. Hence these are the only people who will get a VRS while the rest of the bailout package can be used to turn around the fortune of BSNL.


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