Govt decides to move PSM workers to other institutions
The federal government has asked the Pakistan Steel Mills (PSM) to justify the retention of its employees. PHOTO: FILE
The government has decided to move the employees of Pakistan Steel Mills (PSM) to other institutions.
The only steel manufacturing plant in the country has been lying idle for the last nearly seven years due to constant violations of standard norms and political meddling. As the state institution incurred a reported loss of Rs212 billion, the government approved a layoff plan for more than 5,000 employees.
However, the Ministry of Industries and Production on Tuesday, in a letter to the PSM secretary, directed that the technically competent staff of the PSM, with the help of the Human Resource Department, compile the data of its employees for efficient use in other institutions.
“The ministry should be informed about the qualifications, experience, age and other data of such technical persons so that they can be appropriately shifted to other institutions under the ministry.”
The ministry also identified 28 subsidiaries in this regard including Export Processing Zones Authority, Pakistan Industrial Development Corporation, Pakistan Institute of Management, National Industrial Park, SMEDA, Utility Stores, Engineering Development Board, Furniture Pakistan, Pakistan Stone Development Company, Pakistan Gems and Jewellery Development Company and others.