Govt decision to sell THDC may hit 5,000 employees


Govt decision to sell THDC may hit 5,000 employees

The Union government’s decision to dilute its controlling stake in THDC India has not gone down well with the employees of the hydro-electric power company. They believe that the proposed move will hit 5,000 employees (1,900 permanent and 3,100 outsourced) posted in Uttarakhand, Delhi, Uttar Pradesh and other states.

President THDC, Supervisor Association, Birendra Uniyal, told TOI, “All the employees are shocked at the government’s decision to sell the profit-making THDC. Employees would not let THDC go the HMT (Hindustan Machine Tools) way at any cost.”

Earlier this month, the central government had announced to kick off a strategic disinvestment exercise by inviting bids for sale of its stake in THDC India, Container Corporation of India and North Eastern Electric Power Corporation Limited (NEEPCO). Read more

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