National Telecommunication Corporation has decided to downsize the company to save HR costs, sources with the knowledge of the matter have confirmed.
According to details available to ProPakistani, 826 sanctioned jobs (that are yet unfilled) will be removed after the board approved the decision in a meeting held yesterday.
In order to reduce the OPEX and HR costs, the board approved the reduction in sanctioned strength from 3305 to 2479 employees. This will enable NTC to save Rs. 233.5 Million per annum, on account of OPEX/HR costs.
Additionally, the board gave its approval for an investment of NTC’s own and trust funds as well as the appointment of auditors, among other administrative approvals.
It must be mentioned here that NTC was established under Pakistan Telecom (Re-Org) Act 1996 to provide telecom services to Federal/Provincial Government Departments and Institutions.
For this purpose, NTC focuses to build, operate and maintain telecommunication systems throughout Pakistan to fulfill the telecom needs of government departments.
Headquartered in Islamabad, NTC provides telecommunication and data services to Armed Forces, Defense Projects, Federal Government, Provincial Governments or similar governmental agencies.