Summary:
But for many former employees of BMTC, they are nowhere in sight. We are working towards stabilising the situation and the retirement benefits will be cleared based on availability of funds.”Official sources said BMTC has been incurring losses to the tune of Rs 30 crore per month. The corporation admits spending 54% of its earnings on staff salaries, including pension, and the amount runs up to Rs 108 crore. The corporation has 6,783 buses and 34,076 employees.This apart, the four corporations — KSRTC, BMTC, NE and NWKSRTC — too have availed loans to the tune of Rs 804 crore. All that we are being told is that the transport corporation does not have the money to pay what is rightfully ours,” said a former BMTC employee who did not want to identify himself..