Attack on job security?

On 22/03/2011 the principal general manager (Corporate planning& Monitoring) has issued a letter to all concerned for compliance to the minutes of 86th meeting of the Board for reconstruction of public sector enterprises (BRPSE) held on 21/12/2010. The said letter indicated the following recommendations of BRPSE meeting held on 21/12/2010.

1. Merger of ITI with BSNL
2. Merger of MTNL & BSNL.
3. VRS plan to rationalize the Man power at employees & management level.
4. Reducing the retirement age to 58 years.
5. Reduction of allowances.
6. Division of activities of BSNL into strategic & Non-strategic categories.
7. Implementation of measures for improving the performances of BSNL as enumerated by the CMD, BSNL on 21/12/2010.
8. Capitalize surplus assets including land & building.
9. Out sourcing the works of the company to reduce the cost for maintenance.