Government mulling proposal to liquidate certain loss-making PSUs, employee interest to be protected

Zee Media Bureau

New Delhi: In a bid to limit public expenditure, the central government is mulling over a proposal to liquidate certain loss-making PSUs. However, the government will ensure the interest of employees get protected though 'lucrative payouts.'

In line with recommendations of Expenditure Management Commission, a proposal for liquidating some loss-making PSUs is being examined, sources said.

Liquidation should be done in a manner that it does not hurt interest of employees and is a win-win for both government and the staff, sources added.