DoT Likely to Shelve BSNL's VRS Proposal Amid Union Protests
Financial Express Ahmedabad|January 03, 2025
AFTER UPROAR FROM the employees' unions, the Department of Telecommunications (DoT) has likely put the second voluntary retirement scheme (VRS) proposal for BSNL on hold, officials said.
JATIN GROVER

The telecom department will hold further consultations internally and is also expected to loop in Boston Consulting Group (BCG) before going ahead with the proposal. Notably, BCG is being paid ₹132 crore to draw a revival plan for BSNL and help it to compete with private players.

Last week, the BSNL management had approved the proposal for a second VRS scheme for BSNL. Upon implementation, the VRS scheme would have led to a reduction in at least 35% of its workforce of over 56,000 executives and non-executive employees. The same would have led to an outgo of ₹15,000 crore for the government.

This story is from the January 03, 2025 edition of Financial Express Ahmedabad.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the January 03, 2025 edition of Financial Express Ahmedabad.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FINANCIAL EXPRESS AHMEDABADView All
Financial Express Ahmedabad

Golden Globes: The Brutalist, Emilia Perez Grab Top Honors

More students likely getting jobs independently

time-read
2 mins  |
January 07, 2025
Financial Express Ahmedabad

Top IITs See a Drop in Campus Placements

● More students likely getting jobs independently

time-read
2 mins  |
January 07, 2025
Financial Express Ahmedabad

US set to lift curbs on Indian nuclear entities

EYEING DEEPER ENERGY TIES

time-read
1 min  |
January 07, 2025
Financial Express Ahmedabad

ICC explores two-tier Test cricket system

ICC chief Jay Shah will meet Cricket Australia chair Mike Baird and his England counterpart Richard Thompson to discuss the finer points

time-read
1 min  |
January 07, 2025
Financial Express Ahmedabad

Q-comm boost to gig worker hiring in 2025

THE HIRING BOOM will be driven by the expansion of dark stores, fuelled by new entrants and increased investments from established players.

time-read
1 min  |
January 07, 2025
Financial Express Ahmedabad

D-Street catches flu

HEADWINDS FOR MARKETS at the start of the year include higher US 10-year yields and a stronger dollar, the potential imposition of additional US tariffs on Asia-Pacific economies, and elevated economic policy uncertainty and geopolitical risk, Goldman Sachs strategists said in a note while trimming the MSCI Asia Pacific ex-Japan index's target to 620 from 630, as per a Bloomberg report.

time-read
1 min  |
January 07, 2025
Financial Express Ahmedabad

Eight jawans among 9 killed in Naxal attack

VEHICLE BLAST IN CHHATTISGARH

time-read
1 min  |
January 07, 2025
Financial Express Ahmedabad

Banks, NBFCs see hit to...

THESE SUBSIDIARIES THEN use the data to approach the customer and offer products and services such as insurance, mutual funds, demat accounts and other related financial solutions.

time-read
1 min  |
January 07, 2025
Financial Express Ahmedabad

Cautious outlook for auto companies in Q3

No segment shows growth except tractors

time-read
1 min  |
January 07, 2025
Financial Express Ahmedabad

Banks: Slower loan growth a worry

Asset quality concerns ease

time-read
2 mins  |
January 07, 2025