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May 20, 2017

SLT offers a golden hand shake for workers.

Sri Lanka Telecom, the country’s telecom giant is planning to down size its staff cadre in a move which will see the company to maximize returns and minimize overhead expenditure.

The company’s HR division will submit a board paper next Wednesday the 24th seeking approval of the board of directors to implement a comprehensive Voluntary Retirement Scheme (VRS) in keeping with the telecom giant current policy of giving retirement for employees, who have served the company for long.

The aim is to bring down operational cost and human resource cost from 45 per cent to 30 percent, SLT sources said.

At present there are 75000 employees working at SLT and the plan was to shed executive-level and upper-officer level positions in the company via a voluntary retirement scheme (VRS).

Around 4500 non executive grade workers will also be given a golden hand shake with a view of out sourcing major operations of the company.

Several retired officials of the SLT have already formed out sourcing companies to take major portion of the telecom maintenance activities, sources added.

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