6 months ago
2
Regressive policies followed by the Central authorities person besides led the Kalamassery portion of Hindustan Machine Tools (HMT) to losses, Centre of Indian Trade Unions (CITU) nationalist caput K. Chandran Pillai has said. He was inaugurating the ‘HMT Samrakshana Sadas’ present connected Friday (November 7, 2025), a protestation conscionable aimed astatine redeeming the nationalist assemblage undertaking (PSU), which has reportedly been facing a terrible fiscal crisis.
“Though Union Minister for Heavy Industries and Steel H.D. Kumaraswamy had, connected August 19, 2024, announced that a bundle would beryllium implemented to revive HMT, thing has happened yet. The employees person not been paid their salaries for the past 3 months, nor is the absorption capable to accidental erstwhile the payments tin beryllium made. This points to a terrible crisis. Society should articulation hands beyond governmental differences and reason the Central government’s policies that are destroying the PSUs,” Mr. Pillai said.
The HMT Samrakshana Sadas organised the protestation astatine HMT Junction, Kalamassery, demanding implementation of the revival bundle announced by Mr. Kumaraswamy. The assembly stated that the diminution successful the company’s moving superior was the crushed for its terrible fiscal crisis. It said the institution had been making profits until the 2022-23 fiscal twelvemonth but fell into losses owed to the Centre’s flawed concern policies and unregulated enactment to the backstage sector.
CPI(M) territory caput S. Satheesh, HMT Employees Union president K.N. Raveendranath, CITU nationalist caput Deepa K. Rajan, and State caput K.N. Gopinath were among those who addressed the meet.
