Reportedly several minor protests later, the employees union of one of the largest gold financing companies in the country, under the banner of Non-Banking and Private Finance Employees Association (NPFEA) has begun an indefinite protest against the management regarding several issues such as a basic hike in salary, lack of proper allowances, denial of proper bonus among many other issues.
Sholita says, when speaking to TNM from the protest venue at the zonal office of the Muthoot Finance in kerala’s capital “Imagine a company which is earning more than Rs 2,000 crore profit, not being able to pay a decent salary to their employees”. Meanwhile the indefinite protest which began on August 20 had entered its 14th day on Monday and around 250 employees have been protesting from various branches across the district and more than 650 across the state as per the members of the union.
Moreover Gireesh Kumar is among the many protesting employees who have been working in the company for more than two decades. He said “My salary after working for 22 years is Rs 16,000,” a dejected Gireesh tells TNM. He says that when he joined the company in 1997, there were hardly around 120 branches. “Right now, there are more than 1,000 branches and more than Rs 2,000 crore profit”. Perhaps the company said, "It has taken a decision that branches which are not being able to be opened because of the physical obstruction by CITU workers will be closed. All employees of the branch will be retrenched after meeting all statutory compliance required in this regard."
