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Press briefing of Cabinet Decision taken on 2020-02-19
Cancellation of the Cabinet approval granted for the liquidation of the National Paper Company Limited
- Reopening of the state-owned enterprises that have already been closed down without making production activities, has been identified as a priority activity of the Government and the Ministry of Industries and Supply Chain Management has decided to reopen all state enterprises that are presently not conducting any production activities and which have the potential to be restructured. As such, it has been planned to reopen the Valachchena and Embilipitiya paper mills under the National Paper Corporation where the production activities have been stopped at present and, the relevant feasibility studies in that regard is in progress. In this context, it is absolutely necessary that the National Paper Corporation being operational and as such, the proposal made by the Minister of Industries and Supply Chain Management to cancel the Cabinet decision made earlier to liquidate this corporation and to implement a voluntary pension compensation scheme in order to terminate the service of the employees serving in same at present, was approved by the Cabinet.