RINL rolls out VRS for employees, asks interested to apply by January 31
2 days, 21 hours ago

RINL rolls out VRS for employees, asks interested to apply by January 31

The Hindu  

The Rashtriya Ispat Nigam Limited, the corporate entity of the Visakhapatnam Steel Plant, has announced a fresh ‘RINL Voluntary Retirement Scheme’, inviting interested employees to apply for the same by January 31, 2025. The objective is to rationalise the existing manpower, achieve optimum human resource utilisation, cost reduction and improved productivity,” claims a circular of the HR Department of the RINL, a copy of which is available with The Hindu. It comprises of salary of 35 days for every completed year of service and 25 days for the leftover service till superannuation. Reacting to the VRS offer, Visakha Ukku Parirakshana Porata Committee leader J. Ayodhya Ramu says, “The RINL management should have to keep at least ₹250 crore to pay the pending salary arrears of employees and contract staff.

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History of this topic

VRS for steel plant staff a ploy of Centre: CPI(M)
4 years, 2 months ago

VRS for steel plant staff a ploy of Centre: CPI(M)

The Hindu  

The announcement of a Voluntary Retirement Scheme for employees of Visakhapatnam Steel Plant is a ploy of the BJP government at the Centre to hand over the VSP to South Korea-based POSCO, the CPI alleged. Demanding immediate scrapping of the VRS proposal for the steel plant employees, CPI Greater Visakha City Committee secretary B. Ganga Rao sought that Chief Minister …

BSNL, MTNL release over Rs 10,000 crore for VRS employees
4 years, 9 months ago

BSNL, MTNL release over Rs 10,000 crore for VRS employees

India TV News  

State-run telecom firms BSNL and MTNL have released over Rs 10,000 crore for employees who have opted for voluntary retirement scheme, according to a statement. "BSNL has released Rs 4,100 crore exgratia payment on Friday and Rs 4,900 Crore for leave encashment on Monday. Similarly, MTNL has also released Rs 1050 Crore towards payment of leave encashment, EPF, CPF and …

BSNL seeks many more senior technical officers to ensure uninterrupted service amid VRS to reduce staff strength, expenses
5 years, 1 month ago

BSNL seeks many more senior technical officers to ensure uninterrupted service amid VRS to reduce staff strength, expenses

Firstpost  

The government in October approved a Rs 68,751-crore revival package for loss-making BSNL and MTNL, including 4G spectrum allocation and voluntary retirement scheme, as well as their merger. New Delhi: State-owned telecom firm BSNL has urged the telecom department to deploy adequate number of senior ITS officers on key managerial positions to ensure uninterrupted service to its customers. After the …

Over 92,000 employees of BSNL, MTNL opt for VRS scheme
5 years, 1 month ago

Over 92,000 employees of BSNL, MTNL opt for VRS scheme

India TV News  

Over 92,000 employees of state-run BSNL and MTNL have so far opted for the recently announced VRS scheme, according to a government source. Nearly one lakh BSNL employees are eligible for the Voluntary Retirement Scheme out of its total staff strength of about 1.50 lakh. The rescue package approved by the government includes infusion of Rs 20,140 crore for purchase …

Will revive BSNL; make it profitable: Ravi Shankar Prasad
5 years, 1 month ago

Will revive BSNL; make it profitable: Ravi Shankar Prasad

Live Mint  

The government will revive debt-laden telecom operator BSNL Ltd and will work on making it profitable, Telecom Minister Ravi Shankar Prasad said in the Lok Sabha on Wednesday. To trim mounting losses in BSNL, the government in October had announced a revival package that included the merger of Mahanagar Telephone Nigam Ltd with the former. The revival package also included …

BSNL bailout: About 70,000 employees of state-run telco opted for VRS so far, says CMD PK Purwar
5 years, 2 months ago

BSNL bailout: About 70,000 employees of state-run telco opted for VRS so far, says CMD PK Purwar

Firstpost  

In all, nearly one lakh BSNL employees are eligible for the voluntary retirement scheme out of its total strength of about 1.50 lakh. New Delhi: About 70,000 employees of the debt-laden BSNL have already opted for the VRS which was launched last week, chairman and MD of the state-owned telecom corporation PK Purwar said on Monday. In all, nearly one …

BSNL notifies VRS, scheme open till December 3
5 years, 2 months ago

BSNL notifies VRS, scheme open till December 3

India TV News  

State-run Bharat Sanchar Nigam Limited has notified its Voluntary Retirement Scheme and has asked its circle heads to circulate the guidelines to facilitate the exercise of option by its employees. In a communication to its circle heads, the BSNL said: "In pursuance to the decision of the Union Cabinet and conveyed by Department of Telecommunications, the BSNL Voluntary Retirement Scheme …

Ravi Shankar Prasad asks BSNL/MTNL to start dialogue with staff on voluntary retirement scheme
5 years, 2 months ago

Ravi Shankar Prasad asks BSNL/MTNL to start dialogue with staff on voluntary retirement scheme

India TV News  

Telecom Minister Ravi Shankar Prasad has directed the ailing telecom PSUs, BSNL and MTNL, to start a dialogue with their employees on the terms and conditions of the voluntary retirement scheme and prepare a roadmap for its successful implementation, higly placed sources said. The Union Cabinet had last month approved a revival package for BSNL and MTNL which includes a …

BSNL, MTNL get Rs 1,000 cr to clear February wages
5 years, 10 months ago

BSNL, MTNL get Rs 1,000 cr to clear February wages

The Quint  

New Delhi, March 13 The government on Tuesday granted Rs 1,000 crore to Bharat Sanchar Nigam Limited and Mahanagar Telephone Nigam Limited to help them clear their February wage bills. IANS had on Tuesday reported about Telecom Minister Manoj Sinha's meeting with Finance Minister Arun Jaitley to seek over Rs 1,000 crore for the two telecom PSUs. While BSNL's annual …

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