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The employees of the Visakhaptnam-based public sector unit, the Dredging Corporation of India (DCI), plan to go on a day's strike on Tuesday in protest against the move to disinvest 51 per cent of its stake.
According to a press release issued here on Monday by the unions, the strike notice has been served on the management. The release says that the DCI is playing a key role in the dredging operations at several ports in the country and ever since its establishment in 1976 it has been in profits. It is recognised as one of the major dredging companies in the world.
The DCI, adds the release, has assets worth over Rs 5,000 crores and 1,000 employees are working in it. The DCI has been competing with the private dredging companies in recent times and functioning very effectively. Therefore, plead the unions, there is no necessity to take up disinvestment in such a company. The Union Government should give up the move and protect the interests of the employees as well as the public.
Further, the Government should also release the funds due to the DCI in the Sethu Samudram project and take steps to strengthen it.
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