Comments on: PTCL workers on country-wide strike http://tech.one.com.pk/2005/05/27/ptcl-workers-on-country-wide-strike/ Exploring Pakistan's Technology Frontier Sun, 20 May 2012 18:39:34 +0000 http://wordpress.org/?v=2.7 hourly 1 By: haq http://tech.one.com.pk/2005/05/27/ptcl-workers-on-country-wide-strike/comment-page-1/#comment-69 haq Tue, 30 Nov 1999 00:00:00 +0000 #comment-69 PTCL updateDawn has the latest <a href=http://www.dawn.com/2005/05/28/top13.htm>update</a> on the strike situation. The GoP has threatened to call in the ARMY to take control of the PTCL installations in the event that talk fails between the union and workers. In their print edition, Dawn states that the privitization process might be delayed. Bidding was scheduled to start on the 28th of May but has been postponted to the 10th of June due to the strike. Further, Dawn's <em>sources</em> say that most of the eight companies qualified for bidding were considering to withdraw after the new situation. Some more facts about the deal: GOP is selling 26% shares of PTCL and will give up 58% voting rights in the board of directors to the buyer aswell as 26% of PTCLs profits. I'm sure a few of the buyers will gladly stick around if the Government manages to convince the employees to go through with the deal, but for now, it seems like the workers are having their way/ PTCL updateDawn has the latest update on the strike situation. The GoP has threatened to call in the ARMY to take control of the PTCL installations in the event that talk fails between the union and workers.

In their print edition, Dawn states that the privitization process might be delayed. Bidding was scheduled to start on the 28th of May but has been postponted to the 10th of June due to the strike. Further, Dawn’s sources say that most of the eight companies qualified for bidding were considering to withdraw after the new situation.

Some more facts about the deal: GOP is selling 26% shares of PTCL and will give up 58% voting rights in the board of directors to the buyer aswell as 26% of PTCLs profits.

I’m sure a few of the buyers will gladly stick around if the Government manages to convince the employees to go through with the deal, but for now, it seems like the workers are having their way/

]]> By: halai http://tech.one.com.pk/2005/05/27/ptcl-workers-on-country-wide-strike/comment-page-1/#comment-72 halai Tue, 30 Nov 1999 00:00:00 +0000 #comment-72 Related updated link fromRelated updated link from the BBC <a href=http://news.bbc.co.uk/2/hi/business/4593753.stm>here</a>. Related updated link fromRelated updated link from the BBC here.

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