Stop new recruitments, says TELK union

Staff Reporter

KOCHI: The TELK Employees' Union at the Angamaly-based Transformers and Electricals Kerala Limited has criticised the proposed move of the Government to recruit about 250 more employees for the transformer-making company. The Union has felt that the recruitment may push the company into deep financial troubles.

A representation by K.A. Chackochan, general secretary of the CITU-affiliated Union, appealed to Chief Minister Oommen Chandy to intervene and stop the fresh recruitment. Copies of the representation have been sent to Industries Minister V.K. Ebrahim Kunju and Leader of the Opposition V.S. Achuthanandan.

The Union alleged that the bureaucracy and members of the Board of Directors of the company had turned a blind eye to the actual requirements of TELK and they appeared eager to push the company into new troubles. The Government has not acted on decisions taken in August this year on improving the financial position of the company. It was decided in the presence of the Chief Minister that 50 acres of land would be sold to retire the company's outstanding loans. It was also decided that Rs.29.39 crores taken by TELK as share capital advance would be turned into Government equity. However, no action has been taken on the decisions, it said.

The representation alleged that there had been no action on a demand that Rs.9 crores sanctioned for the Social Safety Net Programme and Voluntary Retirement Scheme be turned into working capital and that Rs.13 crores be given to the company as a short-term loan. Instead, a move is now afoot to recruit more people against a recommendation by the Kerala Productivity Council that the current employee strength of 1,035 would be the optimum number for TELK.

The Union blamed bankers for trying to squeeze the company financially.

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