Petrochem inspections: How much are you paying your workers?
Petrochem inspections are taking place across India and the country is bracing for a wave of job losses.
Petrochem, India’s biggest petrochemical company, is facing an inspection season in which it could lose more than 20,000 jobs if the government does not increase the minimum wage to Rs 20 per day.
According to an estimate by a think tank, about 20,500 people work for Petrochem, and that number is expected to rise as more people come out to take part in the inspection season.
“Petrochemical has announced that it is conducting a series of ‘petrol-to-oil-to petrocopper’ inspections at an average of every five days, but the number of people participating in the exercise is much higher,” said an official.
If the government continues to maintain the current pace of inspections, the number could go up to around 50,000.
This is not the first time that the Indian government has been facing an audit and the situation has been escalating.
Last year, the government ordered all petro chemicals factories in India to be audited for a total of 1.6 lakh crore rupees ($20.5 billion).
The country has been on high alert since the July 14 terror attack on Parliament that killed six people.
The government has also been on heightened alert for a possible spike in industrial accidents.
In the past week, the country has seen the deaths of more than 10 people in two separate accidents.