Daily Times reports that over 50,000 PTCL employees are observing a country wide strike. The PTCL worker’s union claims that they have not been offered as raise for the past six years and are demanding more incentives and job surety before PTCL’s upcoming round of privatization. Talks between the Union and management (chaired by the Minister of IT, Awais Khan Leghri) have ended bitterly with both sides refusing to budge on their stance. Meanwhile a bearish trend has hit the country’s stock markets partially due to the strike.
With about $2 billon at stake are the workers trying to unfairly twist the Government’s arm less than a month before the privatization?