PTCL Privatization

40,000 people will quit the job

The country’s telecom giant Pakistan Telecommunication Company Ltd. (PTCL) is being hammered and thrown to the foreign business God’s while as many as 40,000 people will quit the job through Voluntary Separation Scheme (VSS) offered by the PTCL management.

The employees are being dubbed by the UAE based PTCL (Etisalat ) company board members as the “Redundant” employees.

“Redundant” was the word which was being used by the management on the encoded electronic forms of the employees who clicked for their fate for an exit or to stay back.

According to Oxford Dictionary “Redundant” is defined as (of person) with out a job because there is no more work available for you in the company, not needed or useful.

If we see the population factor according to population survey average Pakistani family comprises of six members.

As PTCL private corporate heads have a firm belief that as many as 60 percent of employees would opt for the VSS. Among the 44,000 employees the 26400 employees will quit the service and it will put a negative impact on as many as 158400 people in the country. Those employees, who have served the organization for as many as 20 years and above all are on the board to go for the VSS including lesser then the said time of years.

The company PTCL which is still the telecom giant in LDI (Long Distance International) in Pakistan as having more than 3,000 strategic and most prolific business property while and infrastructure with the longest land line cable network than the rest of 13 LDI companies.

The company which eyes a face change with new young and energetic breed from country’s top financial intuitions or foreign qualified persons. On the other side PTCL management has also gave a zinc laden solution its employees of TEVTA based training as all the expenses for the said training will be bored by PTCL. The employees who mostly hold degrees not more than bachelors with their VSS amount will be totally vulnerable to the ever rising competitive business market.

With property market souring high, professional education getting out of the normal income of ordinary government servant, health facilities not in sight and a grim future the employees who will opt for the VSS will ultimately have face the music of the harsh economic realities of the already Pakistan.

On the other side if these employees do not opt for the VSS they will have to come on PTCL NTC (New Terms and Condition Contract) which seems a total bet for the job Vs. VSS.

As if they stay away from the VSS it all depends on the PTCL management as what to do with these employees either to sent them home with their standard financial perks as given by the company or just fire them after June 2008 promise which is between the government and (Etisalat /PTCL) management as not to fire any employee before June 2008.

However after the said time PTCL management is free for making any decision for the future of PTCL employees.
PTCL management should give more space and time to their out going employees.

While the company has the capacity to switch these employees to fulfill their own technical needs by training them in their regional training institutes based at various local telecom regional institutes for their technical needs.

Fingers are crossed as the these VSS opted employees future hangs in balance while a unstable future waits for them in the struggling small and medium business entrepreneurs market of Pakistan.

*

Is this count as foreign Investment?

where we are just selling whatever could make profit for the country... im surprise Govt. is not selling Pakistan Railway yet.

*

Dude, do you even know what VSS is??

Details of Voluntary Separation Scheme (VSS) at PTCL have emerged with information also provided at PTCL site which puts it like this in Urdu: Aap Ki Khidmat Ka Etraf (We recognise your services).

Total cost is about Rs 35 billion, out of which 50 per cent amount will be paid by the Government of Pakistan. The intended / eligible target of VSS are PTCL employees who are not over 58 years of age – probably management does not consider them relevant to the latest technology and strategy and believe me some people in PTCL do not deserve jobs as they are truly redundant employees.

Basically, the employee volunteers out of the organisation (NOT FOR FREE!!) and for doing so he is paid a good chunk of money!! the costs will be shared by Etisalat and the Government (35 billion rups).

_________________
"With faith, discipline and selfless devotion to duty, there is nothing worthwhile that you cannot achieve." Muhammad Ali Jinnah

	trulyinsane wrote:
	Dude, do you even know what VSS is??

trulyinsane you did not get my question..

if you can't answer "Is this count as foreign Investment?"

where we are just selling whatever could make profit for the country... im surprise Govt. is not selling Pakistan Railway yet.

OR you want me to put this is question in URDU for better understanding?

PLEASE DO NOT divert the topic to other side..

VSS, Golden Shake hand or whatever anyone want to call it... is not my question.

*

Serously, Php..

Anyone with basic knowledge of business management knows that a privatised company seeks profit, technology and reliable employees to better serve their stakeholders..

We all know that PTCL before privatization did make profits but was that the case before 1999??

The point is, would you rather have 40000 good for nothing employees or better and up-to-date technology which changes every minute? and it is not like they are beng forced to quit they are volunteering! heck they were given FREE employment for upto an year!

AND I DID NOT DIVERT THE QUESTION THE ANSWER IS IN MY REPLY!!!!!

We all know that the economy is booming and there are several other oppurtunities available for skilled workers and believe me there is no place for unskilled workers in the telecommunications sector that is the main reason why Etisalat chose the VSS scenario under the agreement of with the unions.

And YES, mixed economic system is the way forward for PAKISTAN.

_________________
"With faith, discipline and selfless devotion to duty, there is nothing worthwhile that you cannot achieve." Muhammad Ali Jinnah