MTNL to offer VRS to 20,000 employees
10 May 2012 6:08 AM GMT
State-owned MTNL will offer voluntary retirement scheme (VRS) to about 20,000 employees, as part of its efforts to turn profitable.
The telecom PSU has also approached the government for surrendering its broadband wireless access (BWA) licence for which it paid Rs 4,600 crore, MTNL chairman and managing director A K Garg said on Wednesday.
‘Turnaround takes slightly longer time but we have some items on our mind and working on those items. Number one is improving our revenue services... we have already written a letter to the government asking for surrendering of BWA license, we want that money back,’ Garg said.
‘For BWA licence, we have paid Rs 4,600 crore. Even if we don’t get interest, at least that much we can expect. We have planned VRS to 19,000-20,000 people. The outgo should be some Rs 2,000-3,000 crore. There are many issues like staff pension issues. But issues are known and few,’ he said.
The telecom PSU has also approached the government for surrendering its broadband wireless access (BWA) licence for which it paid Rs 4,600 crore, MTNL chairman and managing director A K Garg said on Wednesday.
‘Turnaround takes slightly longer time but we have some items on our mind and working on those items. Number one is improving our revenue services... we have already written a letter to the government asking for surrendering of BWA license, we want that money back,’ Garg said.
‘For BWA licence, we have paid Rs 4,600 crore. Even if we don’t get interest, at least that much we can expect. We have planned VRS to 19,000-20,000 people. The outgo should be some Rs 2,000-3,000 crore. There are many issues like staff pension issues. But issues are known and few,’ he said.
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