Bharat Sanchar Nigam Limited (BSNL) has paid the August month’s salary to its staff, according to a top official. BSNL Chairman and Managing Director P.K. Purwar confirmed to PTI that the corporation transferred the funds and paid the August month’s salary to its employees, last week.
“Employees have got their salary now and the salary requirements were met internally,” Mr. Purwar said.
State-owned distressed telecom firms Mahanagar Telephone Nigam Limited (MTNL) and BSNL have been incurring losses and have been facing problems in clearing salaries of the staff in the recent past.
The Department of Telecommunications (DoT) for some time now has been working on a rescue plan for the two companies in the form of a revival package that entails components such as voluntary retirement scheme, asset monetisation and allocation of 4G spectrum.
BSNL’s loss is estimated to be around ₹14,000 crore with a decline in revenue to ₹19,308 crore during 2018-19.
The public sector firm’s provisional loss was ₹4,859 crore in 2015-16, ₹4,793 crore in 2016-17, ₹7,993 crore in 2017-18 and is estimated to swell to ₹14,202 crore in 2018-19, according to the information presented in the Parliament. The number of employees in BSNL stands at 1,65,179.
