The decision of the central government to privatise the HLL Life Care Limited, the PSU manufacturing contraceptives etc. stationed at Thiruvananthapuram, is strongly opposed by the 20,000 workforce as well as the trade unions in the city. Stated in the 1970s, the Hindustan Latex Limited 9 the former name of HLL Lifecare Limited), the company has grown in a big way with continuously posting year after year.
19 acres of prime land was allotted by the government for the HLL at the nominal rate of Rs.2? and the Tamilnadu and Karnataka Governments also have contributed. There is anger and frustration among the workers and the local people, since a good percentage of the workers belong to the area itself. Realising the anger, the HLL management has now proposed to the government 49% stake sale.
Neither there is any need for stake sale nor privatisation. CITU, along with the union in HLL have strongly protested privatisation. The company is running well, it is profitable and it is supporting the local people.The government should withdraw its proposal for privatisation/stake sale and allow the PSU to function as before.