BSNL is not ready To Accept Defeat: Planing for 4G, Debt Reduction, VRS To Make A Comeback

State-run telecom operator BSNL has emphatically declared that they will not accept defeat, in these distress times.

A slew of measures have been announced, to tackle the current issues, and to ensure that the organization makes a grand comeback.

BSNL: We Will Not Accept Defeat

After reports emerged that BSNL will fire 31% of their workforce to cut costs, BSNL officials came out, and clarified the things.

As per latest reports coming in, no employee will be fired, and the retirememt age won’t be reduced. But rather, a lucrative VRS or Voluntary Retirement Scheme would be offered, to reduce some load from the workforce, and to save money.

This is only a part of the overall strategy to cut costs, and not the only way.

PMO has intervened in this matter, and things are being worked out.

An unnamed official said, “The government in close coordination with the BSNL Board is actively engaged in working out the voluntary retirement scheme (VRS) with attractive benefits,”

BSNL Chairman: No Employee Will Be Fired, No Change In Retirement Age

After news came in that BSNL will resort to termination of employees and will reduce retirement age to 58 years, there was a panic all around. BSNL has 1.7 lakh employees, and the average age of an employee is 50-55 years.

Refuting these reports, BSNL Chairman Anupam Shrivastava has declared that no employee will be fired, and there will be no change in the retirement age.