Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Monday 21 January 2013

BSNL CANNOT HELP !


It must get rid of 100,000 employees – and fast

Here is why :

  • It has a work-force of 281,000 employees as on 31 Mar 2011

  • It had a profit of Rs 10,183 Crores in 2004-05

  • Profit turned into a loss of Rs 6,384 Crores in 2010-11

  • Its salary burden is 48 % of its revenue

  • By getting rid of 1 lakh employees , salary burden will come down to 10-15 % of revenue

  • The average age of employees is about 50 years

  • This aging work-force don’t have the skill-set to compete with Airtel / RIL / Vodaphone / Idea etc
  
All of this , notwithstanding Congress Jaipur Declaration , promising to create 10,000,000 ( 1 Crore ) jobs each year , starting 2015 ( provided people believe in such promises and vote UPA to power in 2014 ! )

In the meantime , to survive , BSNL is selling real estate worth Rs 8,000 Crores

Obviously to those who will contribute generously to Congress Party Funds , which , are currently around Rs 2,000 Crores

NB

Payments in cash welcome from Individuals and Corporate if in sums of less than Rs 20,000 / - not requiring verification !

Hemen  Parekh

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