Around 880 workers and 735 employees working at the processing unit of the factory and affiliated to the Rashtriya Mill Mazdoor Sangh have already opted for a voluntary retirement (VRS) scheme.
About 347 workers and 242 employees working in the processing house are still on the rolls.
The management had approached the labour commissioner with its proposal on April 10, 2003, stating that only 589 workers remained on its rolls and cited several other reasons for seeking a closure. The mill had accumulated losses of Rs 180 crore.
