BSNL to pay out November salaries soon

The company will save around Rs 1300 crore through the VRS scheme.

0
4842

State owned Bharat Sanchar Nigam (BSNL) is expected to to pay the November salaries of its employees soon, as conveyed by PK Purwar, chairman and MD, BSNL, to the media. Recently, on 5 December, BSNL paid the October salaries to its employees. The staff has been worried that their November salary will be further delayed.

Purwar also mentioned that the Company will be saving around Rs 1300 crore through the voluntary retirement scheme (VRS) this fiscal. Half of the employees at BSNL have opted for VRS, from the top to the lower-rank employees.

The applications of the employees who have opted for VRS, have been approved, and will be effective from 31 January, 2020. According to Purwar, around 78,569 employees have opted for VRS and the strength of the workforce in 2020, will be 70,000.

BSNL will also raise funds to the tune of Rs 1500 crore from the markets to stay afloat. It is looking to hire people on contractual basis, as and when required.

Throwing some light on the merger between MTNL and BSNL, Purwar says that both the companies are meeting on a common platform to look for operational synergies and integrating networks.

The general practice followed was to pay the employees on the last working day of the month. But this year, the trend was a little different. Salary for the month of February was paid on March, while the July salaries were disbursed on 5 August. The August and September salaries were delayed by 18 days and 23 days respectively.

Comment on the Article

Please enter your comment!
Please enter your name here

5 × two =