Even After Removing 78,000 Employees, Saving Rs 450 Cr/Year, BSNL Not Paying Salaries
Late last year on November 4, the state-owned telecom company, Bharat Sanchar Nagar Limited (BSNL) rolled out its Voluntary Retirement Scheme in an attempt to save about ?7,000 crore annually.
Reportedly, about 78,569 employees applied for the VRS, saving the company a salary expense of Rs 450 crore. This hiked the income to Rs 1384 crore in July.
However, despite the income hike of the company and about 80,000 employees voluntarily quitting the company, BSNL has once again surfaced for not paying its employees for over 2 months now.
BSNL Still Fails to Pay Employees on Time
Even though BSNL is reportedly in a better financial position as compared to last year, it has still managed to not pay its employees on time.
Last year, BSNL had catastrophic scenarios of not paying their employees on time, leading to the latter conducting strikes against the telco.
Despite having the workforce reduced by a significant number, BSNL hasn’t paid the remaining employees their salaries since July.
The salaries were being paid every month after 15th. In fact, it is shocking to learn that there are near about 6,000 employees who haven’t been paid since a year.
The State secretary of employees union, C Santhosh Kumar comments that they have sent a letter to the BSNL chairman directing them to pay up their employees for the months of July & August by August 26, as stated by the government.
BSNL Profitable this Year Than Last, then Why So?
As mentioned earlier, BSNL registered an income gain of Rs 1384 crore in July, while in the presence of coronavirus.
A surge of Rs 107 crore has been registered in just one year. Please note the fact that these are the results when BSNL unlike other private telecom competitors, doesn’t work on 4G spectrum yet.
A part of BSNL’s
yearly income success can be given to the increasing popularity of the Fiber to the home (FTTH) connection.