KSRTC: State-run Kerala State Road Transport Corporation (KSRTC) is considering introducing Voluntary Retirement Scheme (VRS) for its eligible employees. The CPI(M), whenever it is in opposition, always promises to revive the faltering fortunes of the state public utility formed in 1965. Even after nearly seven years of Vijayan's rule, the situation is appallingly bad and his rhetoric has failed to work, leaving a large section of KSRTC employees and pensioners who belong to the Left trade union in jeopardy.
For whom to consider VRS
The Management is seriously considering taking VRS for all those employees who have either completed 20 years of service or have crossed the age of 50 years. According to the management, the move will result in the removal of around 7,500 employees from the rolls out of the existing 26,000 employees.
KSRTC's financial condition is not good
Since the KSRTC is unable to meet its expenses from its revenue, successive governments regularly pump in funds and on most occasions there is always a delay in the salaries and pensions paid by the KSRTC. Now, all eyes are on whether the management will be cleared by the Vijayan government to go ahead with VRS.
What options will be given
According to sources, the management has proposed to give Rs 15 lakh to those who opt for VRS, but other benefits will be given only after attaining the age of 56 years. When asked, state Transport Minister Antony Raju said that nothing has been decided yet and various trade unions will have to cooperate.
1200 crore will be required
The management is hopeful that if the VRS scheme becomes successful, it will see a large number of active trade union leaders bidding goodbye to KSRTC. Also, around Rs, 1,200 crore would be required to clear the arrears and other benefits.
