PSU employee’s pay rises 13.7% to Rs 6.6 lakh

The annual pay of a PSU employee on an average increased by 13.7 per cent to Rs 6.6 lakh

Written by Agencies | New Delhi | Published: March 22, 2012 7:06:42 pm

The annual pay of a PSU employee on an average increased by 13.7 per cent to Rs 6.6 lakh in 2010-11,the Public Enterprises Survey for 2010-11 has revealed.

According to the survey tabled in Parliament today,the per capita emoluments of state-owned units’ employees increased to Rs 6.6 lakh in 2010-11 from Rs 5.8 lakh in the previous fiscal.

Despite the increased payouts,the profit-making Central Public Sector Enterprises (CPSEs) managed to increase their net profits by 4.92 per cent to Rs 1.13 lakh crore in the fiscal,compared to Rs 1.08 lakh crore in 2009-10,it said.

Of the total 220 operational CPSEs,158 units were profit-making as on March 2011.

However,in 2010-11,salaries in all PSUs grew by 9.5 per cent to Rs 96,210 crore from Rs 87,792 crore in 2009-10,the survey said.

The CPSEs have also trimmed their workforce by 46,000 during the period covered in the survey.

“The number of people employed in the state-owned companies came down to 14.44 lakh (excluding casual workers) in 2010-11 from 14.90 lakh in the previous year,” the survey said.

About 3.57 lakh people have opted for voluntary retirement scheme till March 2011,since it was introduced in 1988.

Of the total workforce in 248 central PSUs,about one fourth of the manpower was in managerial and supervisory cadres.

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