The government has sacked over 4,500 employees of the Pakistan Steel Mills. The move is not entirely surprising as the federal government had announced to layoff over 9,300 employees of the loss-making industrial complex as part of a revival process.
The government has decided to privatize the Pakistan Steel Mills and dismiss over 9000 employees of the loss-making entity. We are once again witnessing a repeat of how efforts to revive or sell out the enterprise have been victim to
KARACHI: The Pakistan Steel Mills (PSM), the nation’s largest steel-producing entity with an annual production of over 1.1 million tonnes, has been completely shut since the past sixty months since 2015 with zero production. The national asset is the largest