Will safeguard retirement advantages of OFB employees: Govt


Tribune News Service

New Delhi, September 19

The authorities on Saturday advised the Rajya Sabha that an Empowered Group of Ministers (EGoM) had been constituted to information the whole technique of corporatisation of Ordnance Factory Board (OFB), together with transition help and redeployment plan of staff whereas safeguarding their wages and retirement advantages. The Minister of Defence, Rajnath Singh, heads the EGoM.

On Saturday, the House had two separate listed questions on the proposed corporatisation of the OFB that has 41 factories beneath it.

The Ministry of Defence, in a written reply within the Rajya Sabha, said that the federal government had taken notice of the strike discover from the three recognised Federations of Defence Civilian Employees, proposing to name an indefinite strike from October 12 in opposition to the federal government’s transfer to corporatise the OFB.

The Cabinet Committee on Security, at its assembly on July 29 this 12 months, authorised to transform the OFB, a subordinate workplace of the Ministry of Defence, into one or a couple of 100 per cent government-owned company entities, registered beneath the Companies Act, 2013. The corporatisation of the OFB will enhance its autonomy, accountability and effectivity in Ordnance Supplies.

On the difficulty of corporatisation of the OFB, the Department of Defence Production has been participating with the Federations and Associations of Ordnance Factories for his or her views on the mentioned transformation.


EGoM arrange

The authorities on Saturday advised the Rajya Sabha that an Empowered Group of Ministers (EGoM) has been constituted to information the whole technique of corporatisation of Ordnance Factory Board (OFB).



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