The Voluntary Retirement Scheme (VRS) being proposed by the telecom department could save Rs 1,080 cr in annual wage expenses for MTNL, and the telco expects about 9,500 employees to opt for the scheme as and when it comes up, according to its chairman.
New Delhi:
The DoT has prepared a rescue plan for the distressed PSUs, MTNL and BSNL, in form of a revival package that entails components like VRS, asset monetisation, and allocation of 4G spectrum. The revival plan may be taken up by the cabinet soon. MTNL CMD PK Purwar had recently said the telecom corporation expects annual salary expenses to reduce by Rs 1,080 cr, from the current about Rs 2,500 cr, bringing it to far more manageable levels of 40-50 pc of revenue.