Nearly 92,700 employees of BSNL and MTNL have opted for voluntary retirement, which is expected to save about Rs 8,800 crore annually in salary bills.
The VRS scheme, which opened on November 4, will close at 5:30 PM on December 3.
The attractive nature of our VRS package is evident from the fact that till date in BSNL 79,000 people have applied for VRS and in MTNL 14,000 have applied. We will be giving them one of the finest advantages as far as the VRS package are concerned. pic.twitter.com/4SJThnITrx
— Ravi Shankar Prasad (@rsprasad) November 28, 2019
BSNL MTNL VRS SCHEME DETAILS:
Morethan 92,700 BSNL, MTNL employees opt for VRS
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Union minister Ravi Shankar Prasad said The merger would resultantly help the two companies to “provide better quality services to customers on a pan-India basis,”
Nearly 92,700 employees of BSNL & MTNL have opted for voluntary retirement, which is expected to save about Rs 8,800 crore annually in salary bills for the debt-laden telecom companies. #BSNLVRS @timesofindia
— Ketan (@ketan72) December 4, 2019
MTNL operates in Delhi and Mumbai while BSNL is present in rest of India.
Under the proposed VRS formula, employees will get 100-125 per cent of the salary for remaining years of service, including pension, based on the retiring month wage.