The state-owned telecom service provider Bharat Sanchar Nigam Limited has approved laying off more than 30% of its employees and waiting for elections to get over for implementation.
The Department of Telecommunications has approved the proposal of the expert panel set up by the government, reports Deccan Herald.
The news about the layoff was first reported in February this year which invited strong opposition from the trade unions. However, the government is going ahead with the plan.
The cash-strapped BSNL is planning to cut short retiring age to 58 and get rid of 54,451 employees. In a normal situation, this should guarantee more job opportunities for the youth. However, the government is not planning to fill the vacancies.
A three-member ‘expert committee’, headed by Prof Rekha Jain of Indian Institute of Management, Ahmedabad, had recommended for the introduction of VRS and reduction in retirement along with eight other proposals. The department is learnt to have accepted three of it.