Monday, 5 September 2011

Workers Play Cards at Indian Factories as Asset Sales Flounder

Sept. 5 (Bloomberg) -- Each day, about 2,800 workers punch their time-cards in and out of Hindustan Cables Ltd.’s factories in India. They get paid, receive the occasional raise and eat in subsidized canteens, even though they produce nothing. The state-owned company, based in Kolkata, hasn’t ...

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