The Pakistan Metal Mills (PSM) on Tuesday sacked 1,350 extra workers to ease the monetary burden on the entity, ARY Information reported.
The PSM spokesman stated that they’d ready a listing of the staff who’ve been sacked and included from separate cadres together with drivers, fireman, operators and others.
The termination letters have been dispatched to the homes of the employees by Pakistan Metal Mills.
Earlier in April 2024, the Federal Ministry of Trade and Manufacturing had constituted an eight-member committee to revive the Pakistan Metal Mills.
Learn extra: Centre, Sindh ‘resolve’ to revive Pakistan Metal Mills collectively
The committee headed by the Federal Secretary of Trade and Manufacturing embody the Extra Secretary of Trade and Manufacturing, Senior Member of the Board of Income Sindh, Joint Secretary of Finance, CEO of PIDC, and representatives of the Employee Union of Metal Mills and two unbiased board members of the metal mills, together with the Director Technical and Company Secretary.
The committee had been tasked to evaluation the plan to close down the PSM and public sale off its crops and equipment.
The committee was tasked with exploring choices to revive Pakistan metal mills with the cooperation of the non-public sector.