As financial struggles continue for the Travancore Cements Limited (TCL) – the oldest Public Sector Unit in Kottayam, it has been four months since its employees have received their monthly salaries.
Taking a serious note of the company’s status, Kottayam MLA Thiruvanchoor Radhakrishnan on Tuesday moved a motion in the Assembly calling attention to the plight of the company employees as well as those retired from service.
“The liability of the company till March 2023 is around ₹156.56 crore. The condition of the employees at TCL is so pathetic that even the statutory rights are denied while it has also defaulted on the payment of retirement benefits. The company appears to be not releasing the Provident Fund despite the payment of workers’ share,” Mr. Radhakrishnan said.
