22,000 BSNL employees opt for VRS in 2 days

  • Thread starter Thread starter socrates
  • Start date Start date
  • Replies Replies 9
  • Views Views 1,258
This is good right to retire 50+ age employees ? They are not the most productive ones.

So what how much money will bsnl save from this ?
 
Money saved was written as 7000 crores (only) if 70k to 80k employees opt for VRS.
 
that saved in terms of salary per year not including money paid for VRS.

What I meant to ask is how much money they get paid as salary vs opt for VRS
 
Yep, I am interested in that well.

So say someone has been working with BSNL for 20 years now, what is the lump sum payout that he or she would get on opting for VRS?
 
As is known, the biggest chunk of the bailout package is the nearly Rs 30,000-crore voluntary retirement scheme (VRS) through which the government plans to trim the company’s huge workforce of nearly 1.65 lakh, which eats up 77% of its revenues.
Click to expand...
www.financialexpress.com

Getting expensive: BSNL staff seek salary revision before VRS

Want 50% of IDA merged into basic pay, which will increase the cost of payout by the govt by several thousand crores
www.financialexpress.com www.financialexpress.com

www.moneycontrol.com

BSNL employees demand pay revision before VRS: Report

The union has demanded that the pay revisions must be with effect from January 2017
www.moneycontrol.com www.moneycontrol.com

cats-351.jpg
 

I am not good with salary maths.

vrs is for 50+ age employees so lets say average age of those who opt for vrs is 55 and bsnl save 5x7000 cr = 35000 cr. Thats not a huge saving from 30000cr allotted for vrs. And if all 70-80k don't opt for vrs.

This is very crude calculation and I feel its wrong. I will update after some research.
 
www.thenewsminute.com

Why BSNL employees are eagerly applying for VRS

“We are the people who work hard to restore mobile connectivity immediately after natural calamities and in the remotest of places in the country. Now we are th
www.thenewsminute.com www.thenewsminute.com

According to reports, employees above the age of 53.5 years will get 125% of their salary, which they could have earned in the balance period of their service. Employees in the age bracket of 50 to 53.5 years opting for VRS will get benefit in the range of 80 to 100% of the remuneration to be paid in the balance period of their service. For employees over 55 years of age opting for VRS, the pension will be computed only when they attain 60 years of age (the current retirement age).
Click to expand...

www.livemint.com

57,000 BSNL employees opted for VRS scheme in four days: Govt

Over 60,000 employees have applied for Voluntary Retirement Scheme in BSNL and MTNL, telecom secretary Anshu Prakash said on Friday.BSNL's internal target for VRS is pegged at 77,000 employees, PTI reported
www.livemint.com www.livemint.com

how these news sites are getting away with copy pasted content.
 
So BSNL will pay people to retire instead of paying them to work. Some how I think in the short and medium term this is a very bad plan. Will leave them severely short staffed.
 

Top