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Plantations about to be Collapsed due to extra High Labour charges

Sri Lanka plantations say unable to continue to justify large losses to shareholders | Economynext: Sri Lankan plantation companies said they cannot justify large loses to shareholders and remain in business if worker labour unions do not sign a new productivity-linked wage deal agreed upon with government mediation.

The Planters’ Association of Ceylon, representing Regional Plantation Companies (RPCs), said that continuing to resist the revision of the present archaic attendance-based wage as losses increase, without any other viable alternative, is putting the industry in peril.

“At the request of the government and considering the aspirations of the workers, the RPCs provided a daily interim allowance of Rs100 to their workers for June and July 2016 despite being under significant financial pressure, by utilising loans of Rs800 million provided by state banks via the Tea Board,” a statement said.
Plantations about to be Collapsed due to extra High Labour chargesSocialTwist Tell-a-Friend

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