Pakistan Steel Mills sacks over 4,500 employees

Pakistan Steel Mills (PSM) has sacked 4,544 employees, including divisional and assistant managers, as part of its “cost reduction exercise”, PSM spokesperson confirmed on Friday.

The management confirmed that officials belonging to category 2,3, and 4 pay groups have been dismissed from their jobs, adding that dismissal letters have been sent to the sacked employees by post.

“Lecturers, non-teaching staff at schools and colleges, drivers, firemen, fire tender operators, health workers, security guards, gardeners, paramedical staff, cooks and office attendants are being ‘retrenched’,” the PSM spokesperson said. “The staff at the chief executive’s secretariat and professional degree holders are being retained.”

Meanwhile, PSM Stakeholders Group Covener Mamriz Khan lamented that the state has become indifferent to the employees of one of the largest public sectors of Pakistan.

“There are reports that the department head was called today so that employees can be dismissed,” he said, deploring that employees are forced to protest during the ongoing coronavirus pandemic.

Backing the argument, Saeed Ghani, minister for labour in Sindh, also condemned the federal government’s decision to terminate the services of PSM employees, saying that his party will stand with the employees.

He demanded the government to withdraw its decision and announce an economic package to make the PSM functional.

Earlier this month, Industries & Production Minister Hammad Azhar had said that the government has decided to privatise PSM as it had “become a burden on the national exchequer”.

He said that PSM employees had not been working for the last many years and now they would get a financial package of around Rs2.3 million per employee as compensation.

“At one stage, the PSM had 30,000 employees out of which many employees had retired and now an estimated 9,000 employees were working for the mill. PSM was closed for the last five years and previous governments could not devise any plan for it.”

3 COMMENTS

    • Are you serious!!! Only useless employees cling on to organization which are closed for decade and still demand salaries and retirement benefits. Anyone having any skills should have left by now as the writing was on the wall for several years. Also why is PPP complaining when it was PPP which was also primarily responsible for making PSM a loss making entity.

  1. very good decision by the govt.

    all these useless sifarshis and freeloaders must be fired from the PSM and also the PIA

Comments are closed.

Must Read

HUM Network awarded broadcasting rights for ICC cricket events in Pakistan...

Major events during contract period include Men’s and Women’s ICC T20 World Cup 2024, Men’s Champions Trophy 2025, and ICC Women’s Cricket World Cup 2025