Wednesday, December 23, 2009: 08:51:38 AM

Shipping and Logistics Press Release

HSL to clear payment dues to VR employees

Voluntarily retired employees of Hindustan Shipyard Limited will get their dues cleared soon as Rs 5.50 crore has been incorporated in the financial restructuring proposal of the company

December 15, 2009, New Delhi: Rs 5.50 crore towards differential dues (compensation, gratuity and leave salary) of voluntarily retired (VR) employees of Hindustan Shipyard Limited (HSL) has been included in the financial restructuring proposal of HSL, which is presently under consideration of the Government of India (GoI). The dues shall be paid after the proposal is approved by GoI. The pay/wage revision liability of Rs 16.32 crore to retired/VR employees is to be made by HSL from its own resources based on improvement in the financial position of the company.

 

This information was given by the Union minister of shipping, Shri G K Vasan in Rajya Sabha on December 15, 2009 in a written reply to a question seeking the details of the amount due to VR employees of HSL on account of differential payments of wages, gratuity and provident fund etc.

 

 

For more information, contact:

 

Press Information Bureau

"A" - Wing, Shastri Bhawan,

Dr Rajendra Prasad Road,

New Delhi - 110 001

Tel- 011- 23389338

Website: http://www.pib.nic.in/


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