Sesa Sterlite not to pursue lay-offs in Goa
Mining company Sesa Sterlite Ltd. has decided not to pursue the laying off of 1,017 employees in Goa, who had been issued notices in January this year.
According to a statement issued by the company, the decision was taken following the "initiative of the state government to formulate a transparent mining policy".
"The company has decided not to pursue the lay-offs till such a policy is announced," the statement read.
The lay-off notices were issued by Sesa Sterlite months after the Supreme Court banned mining in Goa, while hearing a petition on rampant illegal mining in the state.
Earlier, a judicial commission report exposed Rs.35,000 crore worth illegal mining in the state in which politicians, bureaucrats as well as mining companies were linked.
(Posted on 01-05-2014)
Free Yearly Horoscope: Select your zodiac sign