Balco employees union have moved the Supreme Court in a review petition stating that Sterlite, which had taken 51 percent stake in the company is not adhering to its commitments made to the workers and the Court, at the time of take over. Union wants a review of the judgment of the court It states that Balco has closed it's 3 offices in New Delhi, Dhanbad and Chennai which would result in retrenchment. It was also not taking any action on voluntary retirement as around 1000 employees had already asked for it but management was not taking action on it. Therefore the union wants the Supreme Court to intercede in the take over.
NSTL
