The news has spread mix sentiments among the employees
Pakistan Telecommunication Company Limited came under the spotlight as it recently announced that it plans to let go big amount of its workforce under the Voluntary Separation Scheme. The company made the announcement during the press conference yesterday and is hoping that at least 3000 of its workforce will benefit from the opportunity at a total cost of Rs. 10 billion.
Subsequently, it is worth noting that the maximum compensation that a single employee is expected to receive is Rs. 13.5 million. In addition, several reports suggest that PTCL’s recent scheme is more attractive than its previous schemes. To be more specific, the company keeps employees feedback in mind while designing the scheme, and it will be highly beneficial for those who opt in. Many industry gurus believe that company’s move to offer a Voluntary Separation Scheme (VSS) is a small step in its plan to position itself as a leading service provider in the country.
Moreover, PTCL first launched its VSS scheme back in 2008 and almost 8000 employees availed the opportunity. The company launched its second VSS scheme in 2012 and almost 5,700 employees availed the scheme. PTCL announced it last scheme in 2014, which was availed by 3,000 employees.
The company’s Chief Human Resource Office, Syed Mazhar Hussain, said during the occasion, “The previous Voluntary Separation Scheme was greatly appreciated by employees as it offered a very lucrative package. In the last Scheme of 2014, we could not relieve all the employees who opted for this scheme, since business could not let go of such a sizable employee base at once, and risk stalling operations. However, with the successes reaped from the previous schemes and improved company performance, PTCL is now in a better position to offer this scheme to around 9,000 employees and can manage to relieve around 3,000 employees”.
The company has been facing increasing backlash from the users in the country as it failed to offer improved service. In any case, the recent moves of the company suggest that it plans to retain its position as a leader in the Pakistan telecommunication industry. Also, in line with financial benefits and 100 basic salaries, the company is also arranging vocational training and recruitment support.