BSNL CANNOT HELP !

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