State-run telecom firms BSNL and MTNL have released over Rs 10,000 crore for employees who have opted for voluntary retirement scheme, according to a statement
Govt committed to revival of BSNL for public service, fairness; not possible to retain all employees: Ravi Shankar Prasad
BSNL had a workforce of 1,55,296 employees as on 1 October 2019. The employee cost was 74 percent of the total revenue for the 2018-19 of BSNL, he said.
BSNL employee unions call for nationwide hunger strike today, to protest over delay in execution of Rs 69,000 cr relief package
In October 2019, the central government approved for BSNL and MTNL a Rs 68,751-crore revival package, which included allocation of 4G spectrum to the state-run firms, voluntary retirement scheme for employees, as well as their merger
Honda Cars initiates voluntary retirement scheme for Greater Noida plant workers to increase productivity, efficiency
Auto major Honda Cars India on Wednesday said it has initiated a voluntary retirement scheme (VRS) for its manufacturing line associates at Greater Noida plant in Uttar Pradesh order to increase productivity and efficiency
State-owned MTNL on Thursday said that it has received shareholders' approval for raising up to Rs 6,500 crore through issuance of non-convertible debentures as well as for monetisation of land and buildings
BSNL's VRS bears fruit: State-run telco likely to save up to Rs 600 cr per month on wage bills; may monetise land assets
In a major relief to the BSNL employees, the company is set to pay November salary before 31 December and the amount will be raised from internal accruals and bank loans.
State-owned Bharat Sanchar Nigam Ltd (BSNL) said on Tuesday that as many as 78,569 employees have opted for VRS, and added that it expects to save Rs 1,300 crore in wage bills this fiscal after the scheme becomes effective in January
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A Maharashtra cadre IPS officer on Wednesday said he has decided to resign from the service as a protest against the 'blatantly communal and unconstitutional' Citizenship Amendment Bill
BSNL seeks many more senior technical officers to ensure uninterrupted service amid VRS to reduce staff strength, expenses
The government in October approved a Rs 68,751-crore revival package for loss-making BSNL and MTNL, including 4G spectrum allocation and voluntary retirement scheme, as well as their merger.
BSNL bailout: Employee unions of state-run telco call for hunger strike today; say VRS not beneficial for lower-level staff
According to BSNL chairman and managing director P K Purwar, over 77,000 out of around 1.6 lakh employees of the loss-making telecom firm have opted for VRS.
After BSNL, state-owned Mahanagar Telephone Nigam Ltd (MTNL) on Wednesday said its VRS plan has surpassed its internal estimates as more than 13,500 employees have opted for the recently-announced scheme so far
In all, nearly one lakh BSNL employees are eligible for the voluntary retirement scheme (VRS) out of its total strength of about 1.50 lakh.
BSNL bailout: Over 40,000 employees have opted for VRS so far, response good across all cadres, says telco CMD PK Purwar
BSNL is looking at savings of about Rs 7,000 crore in wage bill, considering 70,000-80,000 personnel opt for the scheme.
BSNL rolls out VRS, expects up to 80,000 employees to avail scheme; company will save Rs 7,000 cr in wage bill
Within days of government approving a relief package for the ailing corporation, state-owned BSNL has rolled out a voluntary retirement scheme for its employees, and said it expects 70,000-80,000 personnel to opt for it leading to savings of about Rs 7,000 crore in the wage bill
PSU telco Rs 69,000 cr bailout package: BSNL, MTNL merger will throw more public money down the drain
Globally, any merger works only because employees get fired and the merged company is able to bring down their cost of operations
Employees have been protesting outside the office of MTNL as their salaries haven't been paid for two months—August and September
Two-wheeler market leader Hero MotoCorp on Monday said it has commenced a Voluntary Retirement Scheme (VRS) for its employees with an objective to improve productivity and efficiency
Telecom woes: BSNL expects normalcy in liquidity position by September quarter; predatory tariff hits revenue
BSNL has been able to sustain its customer base, despite the persistent pressure of competition on its revenue.
The BSNL Employees Union on Thursday opposed the government's proposal to implement a voluntary retirement scheme, alleging that it is a strategy to reduce the PSU's workforce before handing it over to a private player