It must get rid of
100,000 employees – and fast
Here is why :
- It has a work-force of 281,000 employees as on 31 Mar
2011
- It had a profit of Rs 10,183 Crores in 2004-05
- Profit turned into a loss of Rs 6,384 Crores in 2010-11
- Its salary burden is 48 % of its revenue
- By getting rid of 1 lakh employees , salary burden
will come down to 10-15 % of revenue
- The average age of employees is about 50 years
- This aging work-force don’t have the skill-set to
compete with Airtel / RIL / Vodaphone / Idea etc
All of this ,
notwithstanding Congress Jaipur Declaration , promising to create 10,000,000 (
1 Crore ) jobs each year , starting 2015 ( provided people believe in such
promises and vote UPA to power in 2014 ! )
In the meantime , to
survive , BSNL is selling real estate worth Rs 8,000 Crores
Obviously to those who
will contribute generously to Congress Party Funds , which , are currently
around Rs 2,000 Crores
NB
Payments in cash
welcome from Individuals and Corporate if in sums of less than Rs 20,000 / -
not requiring verification !
Hemen Parekh
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