Government proposes to implement VRS in BSNL and MTNL and to reduce retirement age from 60 to 58.

The Times of India has reported that, the DoT is moving a Cabinet Note for the implementation of VRS in BSNL and MTNL and also to reduce the retirement age of the employees of these companies, from 60 to 58. Both these steps are being taken to reduce the strength of BSNL employees, so as to reduce the expenditure on payment of salaries. In addition to these, 4G spectrum will also be allotted to BSNL and MTNL. The report says that the government is also looking at monetising BSNL and MTNL’s lands, towers and optical fibre. As per the report, the government does not want to close down BSNL and MTNL, as it would cost the government Rs.1.2 lakh crore.