‘The management closed the company without giving any notice’
The employees of Mysore Petro Chemicals Ltd., which recently shutdown, have urged the government to either take over the company or order the management to restart it.
The employees staged a protest outside the Deputy Commissioner’s office here on Thursday.
“The management abruptly closed down MPCL without discussing or giving any notice to employees, which is a violation of the Industrial Disputes Act, 1947,” the workers alleged.
It is learnt that the management cited loss as a reason for closing the company. “For the last five years, the management was maintaining that the company was under loss, thanks to the increasing prices of raw material, including crude oil, in the international market. But, they never tried to discuss with employees for exploring new ways for its revival,” they said. The employees also claimed that the company was not under loss. “The management never substantiated how it was under loss. Moreover, they have established several factories in Maharashtra,” they said.
Sheksha Khadri, CITU leader, alleged that the management shutdown MPCL with an intention of reopening it in a different form that would give them profit.
The employees also expressed their willingness to offer services for a couple of months without demanding payment, if needed, if that could help the management restart the company.