Pakistan Steel Mills fires over 4,500 employees

10:26 AM | 28 Nov, 2020
Pakistan Steel Mills fires over 4,500 employees

ISLAMABAD – The Pakistan Steel Mills on Friday terminated over 4,500 of its employees including the Divisional and Assistant Managers.

As per the PSM spokesperson, all of these employees were fired in the wake of an emergency meeting chaired by the PSM chief executive officer at the CEO Secretariat.

PSM administration confirmed that officials belonging to category 2,3, and 4 pay groups have been dismissed from their jobs.

The management has started the process of sending termination letters to the residential addresses of the sacked employees.

Chairman Peoples Party Bilawal Bhutto slammed the federal government for terminating the PSM employees. Taking it to Twitter, he said, The heartless government’s sacked 4500 workers of Pakistan Steel Mills. PPP will return each & everyone back to work. The land of this historical industrial asset belongs to the people of Sindh, we will not let the PTI get away with this economic murder. Sack Imran, not workers.

PSM employees staged a protest against the sacking of over 4,500 employees. The protesters blocked the roads with burning tyres. 

Regretting that the case against the appointment of Steel Mills Chief Executive is not being heard, the PSM official said that the current plan to rehabilitate Pakistan Steel Mills will cause further damage.

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