16th July, 2002
Ministry of Coal  


SPECIAL TERMINAL PACKAGE FOR EMPLOYEES OF BGML


LOK SABHA

 

Bharat Gold Mines Limited (BGML) stands closed with effect from March 1, 2001 under Section 25 (O) of Industrial Disputes Act, 1947 in terms of permission granted by Ministry of Labour, Government of India on January 29, 2001.

The issue of closure/winding up of the company is sub-judice in High Court of Karnataka because of litigation initiated by the erstwhile employess of BGML. As such VRS/Voluntary Separation Scheme (VSS) can not be introduced. However, on the request of erstwhile employees of BGML, the directions of the High Court of Karnataka and to give a human face, Government decided to grant Special Terminal Package on the lines of VSS prevalent upto February 2001 subject to the decision of the Court.

This was stated by Minister of State for Coal, Mines, Law & Justice Shri Ravi Shankar Prasad in a written reply today in Lok Sabha.