It is reported that HMT Ltd. has decided to pay arrears of pay to its former employees who have been sent out or left the company after November 2000. The company has to pay arrears since 1992. The company was running in loss and could not pay full salary. The former employees have been asked to contact the HR Department of their unit at Bengaluru/Tumkuru/ Nainital/ Delhi/ J&K respectively with proof, identity card and residential address on or before 30th September 2016 for the claims.
HMT Watches was one of the most profitable companies manufacturing precious world standard watches. On demand by BSNL Employees Union all the more than 3 lakh employees were gifted with HMT watch by BSNL Management. Now HMT Watches Limited has been closed by Modi Government. Govt. is preparing to close many other loss PSUs.
The working class has to United fight and the govt. support and revive them.