PTCL Management today announced a Voluntary Separation Scheme (VSS) for its employees. The scheme offers a package to all employees looking to avail this scheme. Effective November 28, 2016, the scheme is expected to be availed by around 3000 employees.
Speaking to the reporters, Syed Mazhar Hussain, Chief Human Resource Officer PTCL, said:
“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”
VSS is just one small step in that vision of being a leading service provider.
“In addition to an attractive package of up to 100 basic salaries and several other financial benefits, PTCL will also arrange vocational training, recruitment support through headhunters and financial management through experts at PTCL’s expense. This is just our small token of appreciation and reward for the employees’ lifelong commitment to the company and to help them sustain a stable future” Syed Mazhar Hussain added.
In addition to the packaged offers, the scheme has several incentives and bonuses. Salient features of the VSS scheme are:
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