Union Coal Minister Sriprakash Jaiswal on Friday appealed to the Neyveli Lignite Corporation (NLC) trade unions’ not to go on strike as the decision on disinvestment was taken under compulsion.
“We request the trade unions to let the company function smoothly. The decision to divest five per cent shares of the company was taken under compulsion as we had no alternative but to comply with SEBI guideline of minimum public shareholding norms,” Mr. Jaiswal said here.
The recognised and registered unions of NLC had threatened to go on indefinite strike against the Central government’s decision.
Various political parties in the State had also voiced their protest against the decision.