‘Cash-strapped’ KSRTC Mulls VRS for Employees

THIRUVANANTHAPURAM:
An ailing state-run Kerala State Street Transport Company (KSRTC) is mulling to drift the Voluntary Retirement Scheme (VRS) for its eligible staff.

Each time in opposition, the CPI(M) has at all times promised to revive the sagging fortunes of the state public utility which was shaped in 1965. It made earnings solely in its first yr.

However even after practically seven-year rule of Vijayan, the situation is appallingly poor and their rhetoric has did not work, leaving an enormous majority of the KSRTC staff and pensioners who belong to the Left commerce union reeling below misery.

It’s at the moment, the administration has been severely contemplating going for the VRS, to all staff who’ve accomplished both 20 years in service or crossed 50 years of age.

This transfer, based on administration, will take away round 7,500 staff of the current 26,000 staff from the rolls.

Since KSRTC is unable to satisfy its bills from its revenues, successive governments usually pump in funds and on most events the salaries and pensions made by the KSRTC at all times get delayed.

Now, all eyes are on if the administration will likely be given the nod for going forward with the VRS by the Vijayan authorities.

In keeping with sources, the administration proposes to provide Rs 15 lakhs to those that go for VRS however will give different advantages solely after they attain the age of 56 years.

When requested, State Transport Minister Antony Raju stated nothing has been determined as but and varied commerce unions must cooperate.

The administration expects that if the VRS scheme will get by means of, they may be capable of see a superb variety of lively commerce union leaders bidding adieu to KSRTC.

Additionally, round Rs 1,200 crore could be wanted to clear the dues and different advantages.