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Over 60k Apply For VRS In BSNL/MTNL In 4 Days: Telecom Secy

New Delhi: Over 60,000 workers have utilized for Voluntary Retirement Scheme (VRS) in BSNL and MTNL, telecom secretary Anshu Prakash mentioned on Friday.

Out of this, somewhat over 57,000 workers are from BSNL and round 3,000 from MTNL, Prakash mentioned on the sidelines of a Division of Telecom (DoT) occasion.

He mentioned the VRS may be very attractively designed and has obtained “unprecedented” response from the staff. The federal government’s total goal stood at 94,000 from each the PSUs, he mentioned.

Final month the federal government had accepted a plum Rs 69,000 crore revival bundle for BSNL and MTNL that features merging the 2 loss-making companies, monetising their property and providing VRS to workers in order that the mixed entity turns worthwhile in two years.

In all, almost one lakh BSNL workers are eligible to use for VRS out of its whole workers energy of 1.76 lakh. The scheme might be open until December 3.

BSNL has 1.76 lakh workers, of which some 1.06 lakh are over 50 years of age. The telco is eager that 80 per cent of the staff ought to go for VRS.

Staff above the age of 53.5 years will get 125 per cent of their wage, which they may have earned within the steadiness interval of their service. Staff within the age bracket of 50 to 53.5 years choosing VRS will get profit within the vary of 80 to 100 per cent of the remuneration to be paid within the steadiness interval of their service.

For workers over 55 years of age choosing VRS, the pension might be commuted solely after they attain 60 years of age (the present retirement age).

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