BSNL going for cost cutting measures

BSNL the fourth largest telecom company by subscribers is facing losses after arrival of Jio on the scene. BSNL has been forced to cut employee benefits and reduce other benefits.

BSNL is a typical Sarkari Indian company with for times the workforce as that of other telecom players while only having 10% of the marketshare.

"We are cutting costs in terms of electricity, administrative expenses and freezing our employee benefits. For the time being, we are not giving any LTC (leave travel concession) benefits, etc. The medical expenses are also being controlled," Shrivastava said.
"We are working on various models on how to meet the costs (for VRS package), it could either come from the government support or through a soft loan. All these modalities are being worked on," he said.
One of the biggest challenges for BSNL has been its large workforce. Even with the change in technology, the headcount stands has been on a higher side. While other telecom players have about 25,000-30,000 employees, BSNL has over five times that number.
When asked if there have been protests from employees on this move, he said, fortunately, employees have come forward on their own. "They said if you (BSNL) have to really survive, we need have to do various such activities to ensure that company survives the turmoil in the market and benefits to employees can come when the company is profitable."

It's time the top executives of BSNL start to think about the company first and their benefits later.
Sources : https://www.dnaindia.com/business/report-bsnl-freezes-employee-benefits-plans-vrs-package-2718511