16/12/2011

17-12-2011: BSNL seeks Rs 12,000 cr for VRS.......

State-owned telecom service operator Bharat Sanchar Nigam Limited (BSNL) is seeking Rs 12,000 crore from the central government towards one-time compensation package to the employees opting for its voluntary retirement scheme (VRS), according to RK Upadhyay, chairman and managing director.
“The total cost of the VRS, designed to revive the loss-making company, works out to Rs 16,000 crore if 100,000 employees opt for it. I think approximately Rs 12,000 crore is required to be given by the government and the remaining Rs 4,000-odd crore will be borne by the company,” Upadhyay told mediapersons here on Friday.........source ( BS )