BSNL board clears proposal to axe 54,000 employees: Report
Автор: moneycontrol
Загружено: 2019-04-04
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BSNL board clears proposal to axe 54,000 employees: Report
The board is likely to take a final decision after the Lok Sabha elections.
The board of Bharat Sanchar Nigam Ltd (BSNL) has cleared a proposal to let go of close to 54,000 employees, but will wait till the completion of the general elections, according to a Deccan Herald report.
The report quoted sources saying that the decision was made on the recommendation provided by an expert panel formed by the government to turn around the fortunes of the ailing telecom company.
The panel recommended to reduce the age of retirement from 60 years to 58 years, and provide the Voluntary Retirement Scheme (VRS) for all employees aged 50 years and above.
The report noted that these moves are estimated to slash the workforce by 31 percent of its current 174,312 employees.The paper reported that the average age of BSNL employees was estimated to be above 55 years.
The report noted that these moves are estimated to slash the workforce by 31 percent of its current 174,312 employees.The paper reported that the average age of BSNL employees was estimated to be above 55 years.
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