STAFF REPORT IBD: The PTCL has offered a Voluntary Separation Scheme (VSS) to its more than 50 per cent employees, which will cost it around eight to 10 billion rupees.
“Of the total existing staff of 30,000, we are offering VSS to 16,000 employees,” Senior Executive Vice President Human Resource PTCL, Syed Mazhar Hussain, told the media.
Flaned by PTCLs Senior Vice President Naveed Saeed, and other high-ups, Hussain said that the company plans to reduce its human resource cost to 10 per cent of its revenue from the current 22 per cent in line with the international standards and a level already obtained by other competitors.
The PTCL would offer VSS to 9,500 employees in the redundant categories, while 6,500 to the contractual employees, he explained saying this reduction would not affect the companys operations.
He said that the contractual employees were not allowed to apply for VSS last time but now they would be offered this scheme. The PTCL did not lay off any employee after the last VSS and it would not be done after this scheme, he added.
“The VSS is a completely voluntary offer designed to ensure long-term welfare and well-being of our employees and their families,” said Hussain. “Employees have a choice to either opt for it or continue working at PTCL.”