Over 92,000 staff of BSNL, MTNL opt for VRS

Over 92,000 staff of BSNL, MTNL opt for VRS

NEW DELHI: The government’s generous Rs 30,000 crore VRS package for ailing telecom PSUs — BSNL and MTNL — closed on Tuesday, with over 92,000 employees opting to move out early and resulting in savings of a little over Rs 8,700 crore for them. CMD of the two companies told TOI that the reduction in manpower will help them move towards profitability over the next three years as they save the much-required cash, while launching services such as 4G to lure new high-paying subscribers.

Read more at 
The Times of India

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