<ul><li>Mahanagar Telephone Nigam (MTNL) has introduced a Voluntary Retirement Scheme (VRS) to reduce its workforce and cut employee costs.</li><li>The scheme targets employees aged 45 and above, including both executives and non-executives, and is part of MTNL's strategy to streamline operations.</li><li>MTNL has been struggling with a massive debt burden of over Rs 31,000 crore and aims to make the organization leaner and reduce its wage bill.</li><li>The introduction of VRS comes amid ongoing financial challenges, but sources suggest a potential revival plan may help the company avoid going to the National Company Law Tribunal (NCLT) for resolution.</li></ul>

MTNL introduces VRS to slash workforce and reduce cost

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