More than 1,800 Mobilink and Warid employees opted for VSS, Aamir Ibrahim, CEO of Jazz (previously Mobilink) revealed today in an interview with media men in Islamabad.
Mobilink and Warid — during the merger — had announced VSS for all the direct, contractual and other employees to avail the opportunity for a hassle free transition of their careers.
- One gross salary x 1.5 x number of years with Mobilink or Warid
- Free medical insurance for one year
- Any provident fund
“We couldn’t let all of the applicants go, because we have a business to run so we had to reject a good number of VSS applications”, he said.
Also Read: Over 2,000 Warid, LDN, BCS Employees Offered Permanent Jobs at Jazz
Aamir Ibrahim while explaining the agitation from Warid franchisees said there were a total of about 660 franchisees from both Warid and Mobilink.
He said that some 260 franchisees out of the total number were terminated and they included from both Warid (80%) and Mobilink (20%).
“Naturally it was not possible for us to keep all of them, especially in cases where both Warid and Mobilink franchisees were next to each other”, he explained.
Aamir said that in order to find optimal distribution of franchise network for customers, company had to let go some of franchisees.
Aamir said that company hired international consultants and third party appraisers — who were not part of the management — to get a clear view on demand of franchisees to fulfill customers needs.
CEO further explained that an amicable exit was designed while keeping multiple factors in mind.
He recognized that some of the franchisees are upset but said that one third of all terminated franchise partners have accepted the terms, signed the letters and collected their severance benefits.
Ali Naseer, Chief Regulatory & Corporate Affairs Officer at Jazz, while adding to Aamir’s comment said that severance package that Jazz has agreed to pay to terminating franchisees was way above the contractual obligations.
“Now that still may not be good for someone, who feel that they were doing a great job, but it was not possible to sustain in the long run — not only for us but for them as well”, added Ali Naseer.
Ali told ProPakistani that severance package, decided for exiting franchisees, included:
- Security fee (which was refundable)
- They were also compensated for the unsold stock of last 90 days and were allowed to keep the unsold (which they can liquidate in the market)
- Franchisees were also given a compensation which was worth 12 months of their profitability during past one year
“I respect departing franchisees and I will continue to hope that they will be our ambassadors even if the relationship ends”, concluded Aamir Ibrahim.
fire fire fire.
Ye konsa fire tha bhai khushi wala fire ya boss jo ghusse me fire karta wo wala fire
Woh jo mirchain khanay k baad hotay hain. Bazahir tou wohi lag raha hai.
What is VSS?
Volunteer Separation Scheme
Voluntary Separation Scheme*
Voluntary Separation Scheme (VSS) is a scheme where employees are allowed to resign voluntarily from an organization by receiving fair compensation. The purpose of organizations implementing VSS is to reduce the headcount of employees working in the organizations so that the overhead cost especially employment cost can be reduced. The employees will be given a reasonable compensation to resign from the company for each year of service.
Usually, most organizations choose not to retrench / lay-off their employees in order to reduce the headcount of employees. It is to avoid bad reputation to the organizations.
In some countries, organization may need to get approval from the government (e.g., Ministry of Human Resources; Labour Dept; etc.). One of the criteria the government considers in approving VSS is that the organization is losing money for a certain period of time or has implemented other alternative cost cutting measure before resulting to retrenchment / VSS.
Done on the blood of Warid employees!
You beauty, ProP!
You know what I mean.
lol….i wonder if Aamir ata was retained or given handsome severance package for his past and future contributions :p
Aamir ata sahab ko ab koi aur hire kar lain ga .