State-owned Bharat Sanchar Nigam Ltd (BSNL) is close to achieving its voluntary retirement scheme (VRS) target, with as many as 75,000 employees opting for the scheme within a week.
The company is expected to save about ₹7,500 crore by offering the scheme to 80,000 employees above 50 years of age.
“A little over 75,000 personnel have opted for the VRS as of today evening and the management is expecting it to cross 80,000 within a day or two. The scheme can be termed a success as the subscription for the scheme ended much earlier than expected as generally employees would only sign up closer to the cut-off date,” a source privy to the development told BusinessLine.
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