HMT revival package at final stage, says Union Minister
Union Minister H.D. Kumaraswamy announced that the revival package for Hindustan Machine Tools (HMT) is nearing completion. The package aims to address retirement benefits, wage revisions, modernization, and recruitment. This announcement has raised hopes among HMT employees after a prolonged wait for implementation.
- ▪The revival package for HMT is in its final stage according to Union Minister H.D. Kumaraswamy.
- ▪The package will include settlement of retirement benefits, wage revision, modernization, and fresh recruitment.
- ▪A high-level technical committee submitted recommendations for the package in early 2025, but it has yet to be implemented.
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Union Minister for Heavy Industries H.D. Kumaraswamy has reportedly said that the revival package for Hindustan Machine Tools (HMT) is in its final stage.The assurance was conveyed during the Minister’s visit to the Kalamassery unit of the company on Friday (May 22) and in a telephonic conversation with the National Confederation of HMT Unions president K. Chandran Pillai, according to a press release issued by the unions.The Minister reportedly said that the revival package would include settlement of retirement benefits of former employees, wage revision, modernisation of the machine tools division, and fresh recruitment to strengthen human resources.“The revival package was first announced during the Minister’s visit to the Kalamassery unit on August 19, 2024.
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