Employees Union dissatisfied over board's decision to sell 25% stake

Published On: February 26, 2020 09:59 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Feb 26: The NAC Employees Union has showed dissatisfaction over the Nepal Airlines Corporation board's decision to approve the government's plan to sell its 25% stake. 

The union, issuing a memorandum stated that it was condemnable, not transparent and a step to privatize the public enterprises fully owned by the government. Stating the bad history of privatization of government organizations in the past and risks of further problems in the future, the union said that rather than incorporating the organization into a company to solve the problem, alternative measures like contract-based management or strategic partnership should be taken into consideration. The union has demanded dismissal of the decision taken without consent and discussion with the trade union.

The decision comes in the wake of NAC's deteriorating financial situation in the hope of raising capital for better operation and management of the organization.

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