Pulmoddai LMSL workers receive sudden bonuses | Daily News

Pulmoddai LMSL workers receive sudden bonuses

The workers of the Pulmoddai Lanka Mineral Sands Ltd. (LMSL) were the recipients of sudden bonuses given by the company, recently.

As the state-controlled mining operation reported huge profits last year, workers of the company bagged bonuses of Rs.100,000 each.

“I wished to reward you with a bonus of Rs.125,000; but, due to recent trade union actions; I am only able to provide you only Rs.100,000;” Industry, Commerce, Resettlement of Protracted Displaced Persons, Cooperative Development, Skills Development and Vocational Training Minister Rishad Bathiudeen said.

Minister Bathiudeen, joined by workers and his officials, spoke at the bonus-awarding ceremony held at the company’s Pulmoddai plant. LMS incurred a Rs.676-million net profit, last year.

“During the previous weeks, there were strikes and other trade union actions here, and they disrupted this plant’s production process. The trade unions were drawing innocent workers to their protests and getting them into trouble. If you have grievances, you should directly complain to the LMSL management instead of resorting to strikes,” the minister said.

He went on to say that if they did not strike, they would have collected a bonus of Rs.125,000 instead of Rs.100,000.

“Due to trade union action, bonus rates have come down and you have lost a bigger payout,” Minister Bathiudeen said. He added, “Some people are speculating that the Pulmoddai mines are to be sold to private buyers. Neither the government nor my ministry has approved the transfer of the Pulmoddai deposits to any local or foreign buyer. As long as these mines are under me, they will not be privatised.”

The key products that LMSL markets are ilmenite, rutile, zircon, and ilmenite with byproducts. In 2019/20, LMSL plans to expand to value-added products and to establish a new mineral processing plant in the vicinity of Kokillai.


 

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