State-run telecom operator Mahanagar Telephone Nigam Ltd (MTNL) is planning to offer voluntary retirement scheme (VRS) worth Rs 1000 crore to its employees in India in order to cut down high staff cost, according to a report by Infracircle. The telecom ministry will seek the Cabinet's approval on the same, the report said, adding that the ministry is further trying to get it passed before the upcoming Union budget so... Read More
Telecom Commission on Saturday has given its nod to a proposal to provide voluntary retirement scheme (VRS) to employees at state-run telecom telco, MTNL. The move is aimed at reviving the loss making telco which has been losing revenue of up to Rs 2000 crore per year. MTNL has 40,000 employees, which leads to massive employee cost for the state owned PSU. The telco's employee cost is 78% of the revenue,... Read More
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where are the plans?no details , whats new whats changed?
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