MTNL approves reduction in employee cost by offering Voluntary Retirement Scheme

Mahanagar Telephone Nigam has approved a Voluntary Retirement Scheme (VRS) aimed at reducing employee costs, modeled substantially on the Gujarat Model with a lower ex-gratia ceiling. Employees aged 45 and above can opt for this scheme. The initiative is intended to streamline the organization and decrease staff expenses, according to the company's exchange filing.