The report said that around 78,569 BSNL employees and around 14,400 MTNL employees have opted to retire. It added that most of the BSNL employees who have opted for the VRS are in the non-executive category and in the age group of 55-60 years.
To help the two ailing telcos overcome their long salary dues and meet the daily cash flow requirement, the government intervened and introduced a Rs 69,000 crore worth four-step revival process in October 2019.
“About 93,000 people have opted for VRS. What is significant is there is not a single court case. BSNL’s wage bill will reduce by about 50 percent, while MTNL wage expenses will come down by about 75 percent after the process is completed. Their annual expenditure on employees, which was about Rs 1,300 crore, will come down to Rs 650 crore,” a senior Department of Telecommunications (DoT) official source was quoted as saying by the publication.
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