Thursday, October 23, 2025
spot_img

BSNL is likely to cut 54,000 jobs

spot_img
- Advertisement -

The board of the state-run telecom services provider Bharat Sanchar Nigam Ltd (BSNL) has accepted a proposal to lay off close to 54,000 employees and is said to be waiting for elections to get over before taking the final call.

The BSNL board also approved recommendations on the 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 to BSNL. The decision on retirement age and VRS will lead to exit of around 54,451 BSNL employees, which is 31% of the company’s 174,312-strong workforce.

The move to trim the retirement age alone will end up reducing the employee count by 33,568 employees and will save BSNL a total of Rs 13,895 crore over the next six years on the wage bill.

The average age of BSNL workforce is estimated to be over 55 years.

Both BSNL and MTNL were unable to pay salaries to their employees for the month of February. Both the PSUs recently approached the government for financial support and to resolve legacy issues, but the Centre is yet to take any final call.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

EPFO Targets March 31 for EPS- 95 Higher Pension Processing, Over 70% Done

The Employees' Provident Fund Organisation (EPFO) is set to...

Volkswagen Faces Critical Decision; Potential Job Cuts Looming

Volkswagen, Germany’s automotive giant and the country’s largest private...

The Leadership Mindset Shift Needed for AI Adoption in Hiring

The integration of Artificial Intelligence (AI) into the hiring...

Barclays is inviting applications for Internship; Apply

A British multinational universal bank, Barclays is hiring for HTD...

Government Internship, Stipend Rs. 8000/month, Apply by Sept 19

Dholka Nagar Palika, in collaboration with the Swachh Bharat...

Don’t pay CEO too much salary: Narayana Murthy

Don’t pay CEO too much salary: Narayana Murthy Company CEOs...

Sharda Motor Industries gets Viekas K Khokha as SVP & CHRO

An ISO 9001-certified auto-ancillary company with global aspirations, Sharda Motor...

FINDI Appoints Randeep Singh as Group CHRO

FINDI Group, a leading fintech and financial infrastructure company,...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/