VSP unions serve strike notice against privatisation
The employees of Visakhapatnam Steel Plant have threatened to go on a strike on March 28 and 29 demanding rollback of decision for strategic sale of Rashtriya Ispat Nigam Limited (RINL)
Visakhapatnam The employees of Visakhapatnam Steel Plant have threatened to go on a strike on March 28 and 29 demanding rollback of decision for strategic sale of Rashtriya Ispat Nigam Limited (RINL).
The Joint Action Committee of trade unions of RINL, the corporate entity of Visakhapatnam Steel Plant served the strike notice to the management as per provisions of Industrial Disputes Act on Friday.
The notice also sought implementation of wage revision on the lines of decision taken by Steel Authority of India (SAIL) and release of adhoc arrears.
The employees are on a relay hunger strike since Cabinet Committee on Economic Affairs gave in-principle clearance to Niti Aayog decision to sell RINL, it's joint ventures and subsidiaries by way of 100 percent privatisation in January, 2021.
Visakhapatnam Steel Plant now has an installed capacity of 7.3 million tonne after investing over Rs.12,000 crore to expand capacity from three million tonne.
"We fear that after the good show in Assembly elections held recently, the NDA Government at the Centre is expected to vigorously pursue strategic disinvestment of RINL," Visakha Steel Employees' Congress general secretary Mantri Rajasekhar told Bizz Buzz.
Chief Minister Y.S. Jagan Mohan Reddy wrote two letters to Prime Minister Narendra Modi seeking immediate granting of captive mines, monetize part of surplus lands and infuse fresh funds by opting for IPO route.