BSNL, MTNL VRS Latest News: Successful! What employees must know about salary

It's been seen as one of the most successful exercises of Voluntary Retirement Scheme in Central Public Sector Enterprises (CPSEs). According to the latest development on BSNL, MTNL VRS matter, as many as 92,878 employees have availed the voluntary retirement option.

BSNL, MTNL VRS: Latest Data

BSNL: 78,500

MTNL for 14,378

Noteworthy - the BSNL, MTNL Voluntary Retirement Scheme closed on Tuesday after running for a month.

"The final count is 78,500. It is up to our expectation. We have 1.51 lakh employees...after VRS, 70,000 will be left with us, BSNL Chairman and MD P.K. Purwar said, as per IANS.

His MTNL counterpart Sunil Kumar said that their final figure is 14,378.

"Now, we're left with 4,430 employees. This is the ideal requirement. It's a very competitive figure on number of employees."

Salary Bill of BSNL, MTNL

-BSNL has a salary bill of Rs 850 crore a month

- MTNL has of Rs 2,270 crore

They will now see a substantial reduction in the HR expenses which will help them return to operating profit after cutting down their losses in two years.

BSNL has a loss of Rs 14,500 crore in 2018-19 and MTNL posted a Q2 loss of Rs 949 crore in the current fiscal and a loss of Rs 3,388.07 crore and revenue of Rs 2,085.41 crore in 2018-19. The total debt on the company is around Rs 20,000 crore. The finance cost on MTNL was around 50 per cent of the revenue.