BSNL Employees Retirement: What Will the VRS Employees Get?

Nearly 78000 employees of BSNL opted for the ‘attractive’ Voluntary Retirement Scheme in one of the largest mass retirement drives across the country. January 31 was the last day for BSNL employees over the age of 50 who put in their papers as part of Centre’s revival package to pull out the PSU out of the financial crisis. To recall, the government offered revival package to BSNL last year as part of which it provided VRS to the employees. The state-run telco will also launch 4G services in the coming months to compete with private telecom operators. “This is as per our target. We were expecting a reduction of 82,000 headcounts. Besides VRS applicants, around 6,000 employees also retired,” BSNL Chairman and Managing Director P.K. Purwar said.

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BSNL’s workforce is now reduced to nearly 50% with around 85,000 employees left following the voluntary retirement.

The Central government had earlier asked BSNL to cut back their 1.63 lakh manpower to reduce the financial crisis. The telecom giant now expects its annual salary expenses will go down from 2,272 crores to 500 crores.

What Will the BSNL VRS Scheme Offers to Employees?

The VRS 2019 scheme, now closed, was one-time retirement package for the BSNL employees over the 50 years of age. As per the scheme, all regular and permanent BSNL employees including those on deputation to other organisations or posted outside the corporation on deputation basis, and have attained 50 years of age or above could seek voluntary retirement.