BSNL is likely to fire 54000 employees from its workforce after poll
BSNL is likely to fire 54000 employees from its workforce after poll
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Due to a financial loss, telecom operator Bharat Sanchar Nigam Limited (BSNL) is likely to lay off as many as 54,000 employees from its workforce. To be noted that at its board meeting in March, an expert panel presented 10 proposals and three out of these have been approved by the state-owned telecom service. BSNL is govt undertaking telecom operating company but due to privatization of telecom sector company faces new crisis and huge financial losses.

Here it is found that other proposals that were approved by the board include reduction of retirement age from the present 60 years to 58 years, Voluntary Retirement Scheme (VRS) for all employees aged 50 and above, and expediting the allocation of 4G spectrum to BSNL. To be noted that here, the telecom operator is most likely to wait for the elections to get over before the final call is made. 

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However, it is worth mention here that the VRS scheme and sacking employees is likely to have a huge impact on the employees as well as the ongoing elections therefore, Here to be noted that it was decided to wait for the final call of the new government. It is to be noted that the BSNL has a robust workforce of around 1,74,312 and removing 54,000 employees will see a 31% reduction in its workforce. Earlier, in February this year, As to be noted that in source reported that the company had incurred a loss of Rs 7,993 crore during the 2017-18 financial year.

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