Employee unions oppose 10% RINL divestment

Employee unions on Wednesday expressed opposition to the proposed 10 per cent disinvestment in Rashtriya Ispat Nigam Ltd (RINL), the corporate entity of Visakhapatnam Steel Plant. Visakha Steel Employees’ Congress (VSEC), affiliated to Indian National Trade Union Congress (INTUC), and Steel Progress Employees Union (SPEU), associated with Centre of Indian Trade Unions, have opposed the NDA Government’s move to sell 10 per cent stake in the public sector company.

Both unions on Wednesday submitted memorandums to Union Steel Secretary G Mohan Kumar, who was on a visit to the plant here, in this regard.