Braithwaite Co Ltd, on the other hand, was proclaimed as a sick industry in 1992. According to the balance sheet available for the year 2001-2, its accumulated loss amounts to Rs 150 crore. In its Kolkata unit, 200 permanent workers are still on the payroll of the company while 300 workers are employed on a contract basis.
Since the mid-80s, the Left Front has been handling these two cases. CITU claimed that the then chief minister Jyoti Basu, on many occasions, took up the case with the Union government.
In spite of not knowing how the Railway minister plans to turn around the PSUs, Kali Ghosh the CITU state secretary said, “We would be very happy if the companies are revived.”
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