Sunday, January 18, 2009

Hindustan Antibiotics Ltd. Revival

Taking a dig at the National Democratic Alliance (NDA) government and its disinvestment initiatives, Union agriculture minister Sharad Pawar said that the present Manmohan Singh-led United Progressive Alliance (UPA) government’s decision to revive sick public sector units (PSU) under rehabilitation schemes has been a successful endeavour so far.
Pawar along with Union minister for chemicals, fertilizers and steel Ram Vilas Paswan inaugurated a new cephalosporin plant on the Hindustan Antibiotics Ltd (HAL) premises in Pimpri in the city on Saturday.
Addressing HAL employees as the chief guest, Pawar said, “The efforts by HAL employees to revive the firm from its dying stages to a profit making venture by sacrificing their monetary benefits is an example of integrity and workman spirit.”
Pawar reminded his cabinet colleague that HAL employee unions never resorted to agitations or confrontation with the government on the issue of better wages throughout the period. Hence, the ministry of chemicals, fertilizers and steel should consider the long denied benefit of the employees and should issue directions for the complete implementation of the Justice Mohan Commission’s recommendation starting from February 1.
Paswan said, “Considering the positive facets of HAL, the ministry has decided to implement the Justice Mohan Commission’s recommendation with effect from January 17 instead of February 1 as suggested by Pawar. Besides, the ministry will direct the management to disburse a gracious bonus allowance of Rs 11,000 to all employees.”
Paswan said that the Ministry would also settle arrears pending since 1997 after taking into account the two ad-hoc payments allocated to HAL. The management has been asked to form a team to examine options to release the payments.

2 comments:

Anonymous said...

The effort of the Central Government both by the Chemicals and Fertilisers Minister Sri.Paswan and Pawarji should be appreciated and in the interest of national health and wealth, revival of HAL and the hard work and relentless job of HAL to bring the company from icu to this stage towards profits should be properly awarded. the long pending wage settlement announcement by the ministers to be appreciated.

Unknown said...

The existing employees of HAL, should be very well rewarded for having sacrificed their monetory benefits and toiled day in night to revive the Company back. While many left the Company in search of greener pastures, it is these present employees who have stood by the Company in its worst hours and bailed it out of hard times. All pending arrears should be disbursed to them immdiately without delay.