KSRTC mulls laying off staff, ending loss-making services
The Hindu
It needs ₹100 crore a month from govt. to pay salaries
Struggling to remain afloat, the cash-strapped Kerala State Road Transport Corporation (KSRTC) is looking at tough measures to pull through the crisis. The KSRTC will recommend the government to either lay off excess personnel or place them on leave extending from one to five years on 50% salaries as was done by the Madhya Pradesh government, KSRTC chairman and managing director Biju Prabhakar said on Thursday. The KSRTC is in no position to move forward without cutting costs, he informed employees unions of the corporation at a meeting.More Related News
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