Pakistan government fires over 4,500 steel mill employees

The country’s biggest industrial complex – the Pakistan Steel Mills (PSM) – on Friday laid off over 4,500 of its employees in a move strongly criticized by the PPP-led Sindh government

Nov 28, 2020
Image
A

The country’s biggest industrial complex – the Pakistan Steel Mills (PSM) – on Friday laid off over 4,500 of its employees in a move strongly criticized by the PPP-led Sindh government.

The employees – 4,544 in total – were fired in the wake of an emergency meeting chaired by the PSM chief executive officer (CEO) at the CEO Secretariat. According to sources, the management has started the process of sending termination letters to the residential addresses of the sacked employees.

In June, the PTI led federal government had decided to terminate all 9,350 PSM employees, taking a giant but politically difficult step to stop years long hemorrhaging instead of reviving the industrial unit.

https://tribune.com.pk/story/2273834/govt-fires-over-4500-psm-employees

downloadingmymind.com

SPS-NBN

News Behind the News Special Studies

Tweets about SAMonitor
SAM Facebook

Newsletter Subscription

The subscriber's email address.
Stay informed - subscribe to our newsletter.