MTNL-ல் 20-30% சம்பள வெட்டு – தலைமை அதிகாரி எச்சரிக்கை அப்படியென்றால் BSNL-ன் கதி என்ன ???

MTNL chairman warns pay cut around 20-30% ! For BSNL???


Thursday, Sep 08, 2011 at 0041 hrs IST

MTNL

Mumbai: State-run telecom major Mahanagar Telephone Nigam Limited (MTNL) has taken a tough stand on the employees’ performance issue.

The company’s top management has warned employees that there may be a cut in pay in future if they fail to improve their performance as per the company’s expectations. “We have been warned by our chairman to work hard with a motivation to improve our performance, failing which we may face a pay cut of around 20-30 per cent in the future,” a senior official told The Indian Express.

MTNL chairman and managing director, Kuldip Singh, confirmed the move, but declined to comment on the percentage of pay cut. “The move is to bring out motivation among employees to work hard for the company and generate revenues. As far as pay cut is concerned, we don’t want to do until and unless there is compelling situation for us in the future,” Singh said.

In response to an issue raised by the MTNL Executive Association on managerial efforts to improve the financial position of the company, an emergency meeting was held on September 3, in New Delhi.

All senior officials of the company were present at the meeting and all issues related to the financial status of the company including employees’ performance were discussed.

The MTNL chief said at the meeting that all the stake holders should make some collective efforts to improve the financial position of the company which had worsened.

“There is still lot of potential in the company. Only thing required is thrust to rise to the occasion and commit to ourselves to turn around the company. We have been observing that the staff cost is almost equal to the total revenue of the company. Other expenses like licence fees, operation and administration expenses, revenue sharing charges, interest on loans etc are met through borrowings,” Singh said.

Keeping the poor financial health in mind, the company has also decided on a strategy to generate more revenue from 3G, Broadband Wireless Association (BWA) and outsourcing.

“The management is in the process to finalise the deals of franchises and outsourcing and expects around Rs 1,300 crore — Rs 500 crore through franchises of 3G, Rs 500 crore through franchises of BWA and Rs 300 crore through outsourcing of spare capacity,” Singh said.

BSNL

BSNL also is in same boat , It had suffered a major loss of Rs.2,725 crore on revenue of Rs.31,738 crore in the fiscal year ended March 31, 2011 compare to net loss of Rs.1,823 crore on revenue of Rs.32,046 crore in 2009-2010.

But BSNL is the leader in fixed line broadband thanks to its landline connections spread across the country. BSNL's broadband revenues stood at Rs 895.38 crore for the quarter ending June 2011. BSNL competes with Airtel (0.58 crore revenue), Aircel (Rs 20.87 crore), Sify (13.24 crore), Tata Internet Services (Rs 4.10 crore), Tulip Telecom (Rs 16.71 crore) and Vodafone Spacetel (Rs 5.53 crore).

It also has a huge salary bill which eats into 42% of its revenue. Every year, the salary bill rises by close to 10% and this year it is expected to pay Rs 15,000 crore as wages. On the other hand, the private operators pay just about 5-6% of their revenue as salary.

BSNL chairman & managing director RK Upadhayay had already directed all circle heads to go on a revenue maximisation drive, failing which fund allocations would be stand frozen. Each circle head was told to expand business on a war-footing and achieve a minimum 25% revenue growth this fiscal

In turn "Out of the 24 circles a few of the circles have already started showing good performance on gross revenue basis between the range of 14 per cent to 18 per cent. West Bengal is showing a growth of 18 per cent, Maharashtra is giving returns of 15.5 per cent, and Orissa and UP are showing growth of 14 per cent,"


"Still there are circles, including Uttaranchal, North East, Punjab and Haryana, which are still not performing well and they have to tighten up their belts”