Privatisation problems: ‘Excess employees to be given opportunity in Dubai, Qatar’

Published: March 7, 2014
Email
Privatisation Commission 
Chairman Muhammad 
Zubair said Pakistan Steel Mills currently has 75% surplus employees. PHOTO: FILE

Privatisation Commission Chairman Muhammad Zubair said Pakistan Steel Mills currently has 75% surplus employees. PHOTO: FILE

LAHORE: In what could be a matter of concern for the government, Privatisation Commission Chairman Muhammad Zubair has said that a ‘minimum’ number of workers would be laid off during the privatisation process.

He added that excess employees would be given benefits, reshuffled to other organisations or be given an opportunity to work in Qatar or Dubai, as he addressed the Lahore Economic Journalists Association (LEJA).

“Downsizing in these public entities as a result of privatisation is the most important concern of the opposition as well as of the government. But we should also look at those people on the other side of the wall who are waiting for the right opportunity,” said Zubair. “However, I can assure everyone that minimum workers would be laid off and excess employees will either be given benefits, reshuffled to other organisations or we will provide them an opportunity to work in Qatar or Dubai due to the increasing employment opportunities there due to the World Cup and Expo 2020,” he said.

Despite the government’s plan to raise Rs150 billion during the current fiscal year through privatisation being delayed due to various reasons, Zubair said that he was planning to move ahead even more aggressively.

Privatising public entities is a tough job, but it is necessary to put Pakistan back on track of economic revival, said Zubair.

The official said that strategic partners were needed who could inject capital into sick units and turn them into profitable ventures. These organisations need structural changes for sustainable growth, and for this we have to take tough decisions, he said.

“Habib Bank is one of the best examples — the bank, before its privatisation, had 13,000 employees. The number has now crossed 26,000 employees with improvement in services,” he said.

Zubair also mentioned Pakistan Steel Mills, saying that the entity currently has 75% surplus employees. “Out of 4,600 officers, 2,600 are either middle school or matriculation-cleared and they all are deputed in key departments at the PSM,” Zubair said. “How can you expect progress with such a workforce?”

Published in The Express Tribune, March 7th, 2014.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

Facebook Conversations

Reader Comments (4)

  • Imran
    Mar 7, 2014 - 3:56PM

    lol

    Recommend

  • Usman
    Mar 8, 2014 - 12:02AM

    If non-productive, uneccesary employees from privatized entities are going to end up working in government departments what the heck is the use of privatization!?!?!

    Employees who are non-productive need to be shown the door, they need to learn to become productive

    Recommend

  • sibtain
    Mar 8, 2014 - 10:52AM

    Mr. Zubair always says that some officers in PSM are Middle or simply matriculates, He doesnot know the fact..? These officers are actually Workers, and were made unofficially Officers to save the overtime. to cut thier facilities as a worker,To cut the power of worker’s union, To stop thier due permotions( And this all was done by Ex-Chairman Sabih Qamuruzamaan’s tenuer)..Last 20 years, these workers( so called middle or matriculate officers) are working as they were working before officer cadre…No extra benifit..no any officer’s protocol, they are doing thier same job…Why Mr. Zubair is liying. Why he doesnot tell the truth to the nation……Just keeps crying….and taking handsome salaries, benifits, protocol,luxeries,and also want to make money by commision from private partners.

    Recommend

  • Akram
    Mar 8, 2014 - 12:46PM

    PTCL k employees ko to dosre adaroon me shuflle karen aur intazamia ke ziadtion se bachaen.

    Recommend

More in Business