Govt tells BSNL to look at options, including closure

[Bapun]

• A media report had said that BSNL was planning to axe 54,000 employees and there is a plan to reduce retirement age also
• BSNL has 1.76 lakh employees, which have been mostly from the DoT employees at the time of creation of BSNL

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

 

[Bapun]

Ties up with SBI for a ₹ 1,500 crore loan to meet its working capital requirements
State-owned BSNL is confident of making timely payment of staff salaries for the month of May, Chairman and Managing Director Anupam Shrivastava said on Monday.

The company has also tied up with State Bank of India recently for a ₹ 1,500 crore loan to meet its working capital requirements, based on a letter of comfort extended by Department of Telecom (DoT).

“We are comfortable...We will be able to pay salaries on time this month,” Shrivastava told PTI.

The salary tab of nearly ₹ 900 crore would be supported by receivables from mobile, broadband and enterprise businesses, he said. The telecom PSU, which has 1.68 lakh employees, faced a problem in clearing staff salaries for February.

Confident of disbursing May salary on time, says BSNL chief