Karachi (HRNW) The Pakistan Steel Mills is going to keep 1,000 employees and fire the remaining 7,884 people because of over staffing, the authorities said in a report submitted to the Supreme Court on Friday.
The decision to fire the employees was taken by the Board of Human Resource Committee on April 15, it said, adding the government should pay a total of Rs 40 billion to the retired and currently working employees.
It said that the federal government must hire a new CEO soon for the mills.
In 2019, the mills had a workforce of 9,350 people and it was reduced to 8,884 in 2020.
According to the report, the government has paid Rs 30 billion to the employees since the Mills were closed in 2015. Moreover, the state has spent Rs 92 billion on bailouts and employee salaries.
The steel mills’ lawyer said that they can’t sell the land allotted for them because the Supreme Court has already issued a stay order against it.
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