FTZ unions attentive to expropriation law

FTZ unions attentive to expropriation law

November 5, 2011   02:44 pm

The Free Trade Zones and General Services Employees’ Union (FTZ&GSEU) says it is paying close attention to the proposed expropriation bill, as garment factories are amongst the companies identified to be taken over by the government if the bill is passed.

We have received word that 37 companies which are incurring losses are to be taken over by the government and that these include several garment factories, the General Secretary of union Anton Marks said.

He pointed out that the garment factories which are to be nationalized are currently closed down and that the workers of these companies are yet to be compensated.

If these garment factories are eventually taken over by the government, we would like to know the government’s proposed plan on providing compensation to the workers and other similar issues, Mr. Marks told Ada Derana. “We will direct our attention towards this.”


Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

LIVE🔴 Ada Derana Prime Time News Bulletin 6.55 pm

LIVE🔴 Ada Derana Prime Time News Bulletin 6.55 pm

Newly appointed Cabinet Ministers officially assume duties (English)

Cabinet approval to import 70,000 MT of rice (English)

Independent committee to probe Ravi's appointment as NDF National List MP (English)

Former Minister Harin Fernando granted bail (English)

Cabinet approves import of 70,000 MT of rice to address market shortage