KSEB says laying off employees only way to fight financial losses

SN Jayaprakash

Representative Image / Photo: Mathrubhumi

Thiruvananthapuram: KSEB is likely to face financial repercussions if the salary expenditure is not curtailed by 7 to 10 per cent. The authorities pointed out the need for reducing employees in the wake of KSEB suffering revenue losses. The Board of Directors Sub-committee was asked to prepare a report within two months on reducing the number of vacancies between FY 2022-23 and 2025-26. The preliminary report will be submitted by June 6.

Currently, 31,128 employees are working in KSEB, and 1586 people will retire this year. Earlier, the board decided to drop non-essential posts and end the practice of filling vacancies by promoting employees.

KSEB states that the funds exempted by the government as electricity duty is barely enough to pay pensions and benefits every year. It is feared that pensions are also likely to face a crisis by 2024-’25.

KSEB pointed out that 27 per cent of the revenue is spent on salaries while power companies outside Kerala spent merely 15 per cent for the same. Authorities said that all sections in KSEB should be consulted before submitting a report on the reduction of posts. KSEB aims to reduce dependency on a number of essential posts by bringing in automation and modern technologies. Earlier, the regulatory commission found that KSEB had more than 6000 employees posted in unnecessary posts.

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