VRS for 50,000 employees on the cards

.The department of telecommunications (DoT) has directed state-owned Bharat Sanchar Nigam Ltd to prepare a voluntary retirement scheme (VRS) for 50,000 of the latter’s employees.When asked, BSNL chairman and managing director R K Upadhyay said, “The Board for Reconstruction of Public Sector Enterprises had recommended we give VRS to our employees. The exercise is still on and we have not taken any decision on it yet.” The need to reduce the workforce was earlier suggested by Sam Pitroda, advisor to the Prime Minister on infrastructure. He wanted BSNL to reduce its employee base by about 100,000  The move will require a one-time payment of Rs 4,000-5,000 crore, for which DoT would give financial support, a senior official from the latter told Business Standard >>>>>>