Due to a financial loss, telecom operator Bharat Sanchar Nigam Limited (BSNL) is likely to lay off as many as 54,000 employees from its workforce. At its board meeting in March, an expert panel presented 10 proposals and three out of these have been approved by the state-owned telecom service.
Other proposals that were approved by the board include reduction of retirement age from the present 60 years to 58 years, Voluntary Retirement Scheme (VRS) for all employees aged 50 and above, and expediting the allocation of 4G spectrum to BSNL, Deccan Herald reported.
However, the telecom operator is most likely to wait for the elections to get over before the final call is made.
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