MTNL sets December 3 for employees to opt for VRS

State-run telecom firm MTNL on Monday rolled out a voluntary retirement scheme for its employees, days after the government approving a revival package for the struggling unit.

The scheme, based on Gujarat Model of VRS, will be open for employees till December 3, 2019.

In a notice sent out by MTNL to employees, the company mentioned "all regular and permanent employees of 50 years and above as on January 31, 2020" are eligible to opt for the scheme.

MTNL Chairman and Managing Director Sunil Kumar has earlier told PTI that around 15,000 out of 22,000 employees of the state run firm are estimated to be eligible for the scheme and the package offered by the government is attractive for all of them.

"This will bring down our employees cost to 25 per cent of revenue from 85 per cent at present by February. We expect to be EBIDTA positive within 2 years due to this step," Kumar has told PTI.

The government has approved a Rs 68,751-crore revival package for loss-making BSNL and MTNL, ...