PTCL NEW VSS. 10000 Employees may be lay Off

ISLAMABAD ( ABRAR MUSTAFA ) has learnt that PTCL has is laying off half its employee from its sources in PTCL. This means around 10000 employees will be leaving the company through VSS. This includes technical staff that mostly deals with its engineering and maintenance.  This has been announced partially by PTCL under its VSS plan.

This is incredibly alarming as the country telecommunication grid is supported by 300 exchanges. The major concern that arises from this development is that how will PTCL manage these exchanges with half of its employees.

Pakistan Telecommunication Company Limited (PTCL) has introduced a highly lucrative Voluntary Separation Package for its employees. This scheme shall be available for one month, effective from November 5th 2014.

The VSS scheme is voluntary and highly rewarding and offers a wide array of benefits to the employees including transition bonus, transition pay, allowance benefits, health fund and leave encashment etc.  As part of retirement benefits, multiple options have been offered which allow employees to select the option, most suitable to their future aspirations. Besides reducing retirement age from 20 to 18 years, the additional two years’ benefit has also been added to eligible pensioners. In addition to these benefits, employees are topped up with Early Bird Bonus (Rs. 200,000) and Group Bonus (Rs. 150,000), fulfilling the requisite conditions.

As PTCL truly adheres to its commitment for its people even after their exit, the company is also providing outplacement services to the employees, where they would be helped in their transition to new career streams, with the help of external sourcing companies.  The Financial Advisory Services shall be provided to the Optees for better cash management through external financial institutes.  Besides these benefits, Vocational Trainings shall also be offered to them at PTCL’s cost.  These measures shall help them manage their future in an effective and efficient manner.

Syed Mazhar Hussain, Chief Human Resource Officer PTCL commented, “This Voluntary scheme offered by PTCL is highly people centric. Being a responsible company, we always consider our employees welfare, the first and foremost priority.  The scheme is specially designed for the people, aspiring to shape their future while taking advantages from multiple benefits offered by the company. We hope that this scheme shall shape the future of PTCL and its people in the best possible manner.”

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