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BSNL employees union threaten direct action if management board discusses IPO

BSNL employees union threaten direct action if management board discusses IPO
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First Published: Mon, Aug 25 2008. 06 17 PM IST
Updated: Mon, Aug 25 2008. 06 17 PM IST
New Delhi: Employee trade unions of state-run Bharat Sanchar Nigam Ltd (BSNL), India’s biggest phone firm by revenues, have said they will oppose the proposed share sale move scheduled to be discussed by the company’s management board on Wednesday, through direct action, including resorting to indefinite strike.
“It is reported that BSNL management is going to discuss IPO proposal in its meeting on 27th August. We demand the management to desist from this ill-advised move, which is against the solemn assurances from government. BSNL Workers will oppose any such move through direct action including indefinite strike,” said V A N Namboodiri, convenor of Joint Federation of BSNL employees’ trade unions.
On Saturday, news agency Press Trust of India, reported that BSNL will hold its board meeting on 27 August to discuss growth strategies and challenges, including its listing plan, which is facing stiff opposition by its employees unions with over three lakh staff under its fold. “It (discussion on IPO) may come for discussion in the board meeting on August 27...nothing concrete yet....Other issues would be general - operations, growth, BSNL CMD Kuldeep Goyal had told PTI.
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First Published: Mon, Aug 25 2008. 06 17 PM IST