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Jharkhand: HEC workers face job uncertainty as NCLT process triggers union protest

Ranchi, Nov 13 (UNI) Uncertainty over the future of Heavy Engineering Corporation (HEC) and its workforce has intensified following the appointment of an interim resolution professional (IRP) under the National Company Law Tribunal (NCLT) process, with the corporation's assets and liabilities being assessed amid protests by workers' organisations.
The IRP has initiated the process of compiling details of HEC's movable and immovable assets, including land, residential quarters, buildings, plants, machinery and bank accounts. Records of employee strength, outstanding payments and alleged encroachments on company land and residential premises will also be examined.
At a meeting with trade union representatives on Thursday, the IRP reportedly clarified that salary arrears accumulated before November 6 would not be paid directly through his office. Employees would have to submit separate claims detailing their designation, salary and other outstanding dues.
Payment of salaries for work performed after November 6 would be decided under the resolution process. The decision on retaining employees after a possible change in ownership would rest with the new company acquiring HEC, according to the reports.
The position has triggered concern among workers over their jobs and years of unpaid salaries. Thirteen trade unions have announced a protest outside the HEC headquarters, while heavy police deployment has been made at the premises in view of the planned agitation.
Union general secretary Ramashankar Singh said workers would not accept arbitrary decisions concerning their future and outstanding wages.
He urged the Central Government to intervene and ensure that employees' interests were protected.
HEC's total liabilities are estimated at more than Rs 2,000 crore, including government loans and interest, electricity and water dues, payments to the Central Industrial Security Force, employees' salaries and provident fund liabilities.
The assessment of assets and liabilities is expected to provide a clearer picture of the corporation's financial position as the resolution process moves forward.
UNI SSI BM
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