Sajha Prakashan gives voluntary retirement to 69 employees
KATHMANDU: The Sajha Prakashan, one of the oldest publication houses of the nation, today gave voluntary retirement to 69 employees working in various capacities.
The cash-strapped state-owned publication house has taken this measure in a bid to ease off with its financial difficulties, according to Dolindra Prasad Sharma, Chairperson and General Manager of the Prakashan.
With the layoffs, the employees serving for more than 20 years will be receiving salary of three months in the lump sum.
Earlier in July, the Prakashan had given voluntary retirement to as many as 22 employees.
“The move was taken after the management adopted an action plan in line with the amendment to Sajha Prakashan Employees' Administration Regulations,” said GM Sharma.
The government, however, recently decided to provide Rs 300 million to the Prakashan for bankrolling.