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No lay-offs or cut in retirement age: BSNL chairman
National

No lay-offs or cut in retirement age: BSNL chairman

Agency News

Public sector telecom conglomerate, BSNL has said there is no plan to effect any lay-offs in the company, as well as any move to reduce the retirement age although an attractive VRS is underway for "willing" employees.

"Turnaround of BSNL being devised by DoT and BSNL includes allotment of 4G spectrum and offering lucrative VRS to willing staff. Reduction of retirement age or laying off employees is not at all being considered. BSNL denies any such media appearances in this regard," CMD of BSNL Anupam Shrivastava has tweeted.

His assertion comes amidst a media report that said the PSU was planning to axe 54,000 employees and there is a plan to reduce retirement age from 60 to 58 years as part of a retrenchment plan. The final call on this was to be taken after the Lok Sabha elections.