NEW DELHI: The proposals of telecom PSUs BSNL andMTNL to reduce their workforce by 1.21 lakh by offering voluntary retirement scheme to staff will cost them over Rs 17,445 crore, the government said today.
"DoT has received from BSNL, a voluntary retirement scheme (VRS) aimed at reducing its workforce by one lakh. Likely expenditure on ex-gratia is estimated to be about Rs 12,371 crore. In addition, there will be expenditure on normal retirement benefits viz gratuity, pension, leave encashment and transfer grant," Minister of State for Communications and IT Milind Deora said in a written reply to the Lok Sabha.
