By Oboh Agbonkhese
Youths, on the platform of UPU Youth Wing in Udu Local Government Area of Delta State, have withdrawn their 14-day ultimatum to Premium Steel and Mines Limited, PSML, the new investors in former Delta Steel Company, DSC, Ovwian-Aladja, following resolutions reached after series of meetings between both parties.
A statement by the youths’ President, Mr. Sunday Subi, and Secretary, Dr. Dennis Kpomah, said with the employment-related issues that prompted the ultimatum being addressed by PSML with concern, maturity and a corporate sense of responsibility, “we have no option but to call off the ultimatum and urge everyone to support PSML in resuscitating the moribund steel plant in the interest of all stakeholders.”
They commended PSML’s CEO, Mr. Prasanta Mishra’s concern with the plight of host communities, noting that there was hope that Udu, and Urhobo in general, will celebrate as everyone cooperates with the new investors to ensure DSC is resuscitated.
The youths had given PSML’s management 14 days to meet with Udu Traditional Council, Union of Udu Communities and other stakeholders for an MoU on stakes in the plant, reservation of positions for Urhobo indigenes and outstanding obligations to contractors, or be shut down.
The post Udu youths, DSC investors reach compromise appeared first on Vanguard News.
No comments:
Post a Comment