Greenlight for restructuring of Ceramics Corp

by Ranil Wijayapala

The State Resources and Enterprise Development Ministry will go ahead with the restructuring of the Ceramic Corporation as investors have not submitted effective proposals to achieve the set requirements of the Corporation, Minister Dayasritha Tissera said.

According to Minister Tissera, the compulsory retirement scheme will be implemented with the approval of the State Resource Management Company for 576 workers of the Ceramic Corporation.

According to Sarath Wickremaratne, the Competent Authority of the Ceramic Corporation although it received Rs. 9 million monthly to pay salaries and other allowances for the workers, the Treasury is no longer allocating funds for this purpose.

The Elayapttuwa, Bingiriya, Yatiyana, Usvewa, Eragama and Mahiyanganaya roofing tile factories of the Ceramic Corporation are functioning at present while the Ve-uda factory is set for closure soon.