BSNL employee union opposes VRS\, seeks 4G spectrum for telco revival

BSNL employee union opposes VRS, seeks 4G spectrum for telco revival

Press Trust of India  |  New Delhi 

The Employees Union Thursday opposed the government's proposal to implement a voluntary retirement scheme, alleging that it is a strategy to reduce the PSU's workforce before handing it over to a

It said that had given assurance in January 2018 that would be allotted spectrum for but it is pending till date.

According to sources, the had floated a cabinet note for allocation of spectrum for to BSNL but raised questions on the business viability of such proposal.

The Prime Minister's office is now learnt to have asked the DoT to submit a detailed roadmap for the revival of BSNL and MTNL including allocation of 4G spectrum, reduction in headcount of BSNL through voluntary mechanism etc.

"It must be noted that VRS is already implemented twice in the MTNL. However, it has not helped for the financial revival of MTNL. That company is neck deep in financial crisis today. Hence, we want to point out that VRS is not going to help for the financial revival of BSNL," the union said.

The employees union said that the government should immediately allocate 4G spectrum for financial revival and should help BSNL financially by extending soft loan for the expansion and modernisation of its networks.

"Recently, the whole country witnessed how the government moved swiftly to bailout the directed the led banks, to pump in Rs 1,500 crore for bailing out the Why such a largesse is not being shown to BSNL, which is the government's own company," the union said.

The employees union alleged that the government has not given single penny as financial aid to BSNL during the last 18 years of its existence.

"BSNL is the company with the least debt in the entire telecom industry. All the private companies, including Reliance Jio, are having debts of more than Rs 1 lakh crore each. Still, the DoT is creating roadblocks for BSNL to avail credit from banks. This is also a clear cut step by the government to retard the growth of BSNL," the union alleged.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 04 2019. 21:40 IST