Financial Daily from THE HINDU group of publications
Tuesday, Mar 07, 2006
Financial Daily from THE HINDU group of publications Tuesday, Mar 07, 2006 |
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Info-Tech
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Telecommunications States - Kerala ITI Palakkad unit workers to work more in protest Our Bureau
Kochi , March 6 Officers and workers at the Palakkad unit of public sector Indian Telephone Industries Ltd (ITI) will work overtime on March 9 without taking extra pay to protest what they term as discrimination against the unit by the authorities. ITI Employees' Union, ITI Employees' Association and ITI Officers' Association said in a statement here that they would work for 12 hours on March 9 but will not accept the additional pay for their overtime. The employees allege that despite turning in profits and revenues for ITI, the Palakkad unit has not been given any participation in the new projects the public sector company has bagged. While ITI's units in Rae Bareli and Mankapur have been given work from the Rs 60-lakh GSM tender floated by the Centre, the Palakkad unit has been completely left out from this project, the statement said.
grievance
The employees claimed that the Palakkad unit was the only profitable arm within the fold of ITI, which has been referred to the Board of Industrial and Financial Reconstruction (BIFR) as a sick PSU. They blamed the present financial plight of ITI on the huge losses incurred by other units in the country, while pointing out that the Palakkad unit made a profit of Rs 411 crore on a turnover of Rs 2,177 crore over the past 10 years for the company. It employs 670 people. The plan to cut the number of employees by 40 per cent and outsource work will adversely affect the performance of the profit-making unit, they said. The decision not to allocate any work to the unit from the GSM tender will also make its future uncertain, the employees said, while demanding that the unit be declared as a manufacturing and service unit of BSNL in South India.
More Stories on : Telecommunications | PSU | Trade & Labour Unions | Kerala
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