Mahanagar Telephone Nigam Ltd (MTNL) has formulated a voluntary retirement scheme (VRS) for its employees expected to be rolled out in the next financial year.
Narendra Sharma, chairman and managing director, MTNL said on the sidelines of Frames 2003 that the scheme would be applicable to the various groups of employees in the organisation.
Sharma, however, refused to give details on the scheme but said that it would be announced shortly.
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He said that an attractive package has been designed that would ensure that the targeted number of employees would go for it.
The state owned telecom company that provides basic telephony services in Delhi and Mumbai, employs around 57,000 in the two metros.
Arun Shourie, union minister for information technology, telecom and divestment said,