For the management's move to introduce austerity measures in Chennai Port to curtail the huge loss, likely to be reported this year, the port trustees have said a big 'no.' The trustees, at a special board meeting on October 28, felt the measures were mainly targeted at workers at the ‘lower level.’
Tag: austerity measures
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Centre orders austerity measures to cut costs
A few austerity measures have been ordered by the Union government, which includes a ban on holding meetings of the government departments at five star hotels and creation of new posts in Central government departments, at a time when government revenue growth has slowed down.