About 92,700 BSNL, MTNL employees opt for VRS

Nearly 92,700 employees of BSNL and MTNL have opted for voluntary retirement, which is expected to save about Rs 8,800 crore annually in salary bills for the debt-laden telecom companies.

Top officials of both state-run firms have said that the numbers have exceeded the target set for the voluntary retirement scheme (VRS), which closed on Tuesday.

In case of BSNL, over 78,300 employees opted for voluntary retirement which is over half of the company’s total manpower. While as many as 14,378 employees of MTNL, accounting for 76 per cent of the total strength, opted for the VRS.