BSNL is planning a second Voluntary Retirement Scheme (VRS) to cut its workforce by 18,000-19,000 and ease financial pressures. The proposal, seeking âč1,500 crore for implementation, has been submitted to the Department of Telecommunications (DoT) for finance ministry approval. BSNL aims to reduce staff expenses from âč7,500 crore to âč5,000 crore annually, as workforce costs currently consume 38% of its revenue. This restructuring aligns with government efforts to improve the telco's financial stability and operational efficiency.
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