New Delhi Aug 2 : The Indian Railways, which has currently having 13 lakh employees, is planning massive layoff of 10 lakh employees in the next six to 12 months.
As per the report in English daily citing sources in the Railways, the Railway Board has written a letter to all zones and asked them to identify the staff, who are inefficient, who can be asked to take voluntary retirement.
Railway Minister Piyush Goyal said that the national transporter must adopt technology and cut down the workforce to increase its profit. The Minister had also said that the government will study the profiles of the staff and take action against them. The board in its letter written to zonal railway departments on July 27 and asked them to send a performance report of employees by August 9.
“The national transporter may ask the staff to take voluntary retirement who have above the age bove the age of 55 years or those who have completed 30 years of service in the first quarter of 2020,” the media reprt said.
Railways has got a budgetary allocation of Rs 65,837 crore and the highest ever outlay for capital expenditure amounting to Rs 1.60 lakh crore in the Union Budget 2019-20.
Presenting the Budget, Finance Minister Nirmala Sitharaman said railway infrastructure would need an investment of Rs 50 lakh crore between 2018 and 2030.