BEML staff oppose privatisation plan

Employees of the public sector unit BEML staged a demonstration here on Monday opposing the proposed privatisation moves.

The agitating workers said BEML was among the profit-making units since its inception in 1964 and has been contributing to the defence sector and aerospace industry apart from mining.

The BEML Employees’ Association said it was also into manufacturing world-class rakes for metro at a fraction of the cost compared to other players. The cost of manufacturing a metro coach by the private players was around ₹15 crore but the same was being manufactured by BEML at ₹8 crore.

The association said that the government’s ongoing move to disinvest in BEML and reduce its holdings from 54 per cent and opting to sell 26 per cent of its stakes was a step towards privatisation. This will imperil the cause of social justice as appointments based on reservation will be diluted and also affect job security, according to the association.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.


A one-stop-shop for seeing the latest updates, and managing your preferences.


We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *