Daewoo India workers yet to be paid salaries, benefits

Nine years after the liquidation of Daewoo Motors India Ltd (DMIL), the Korean major’s Indian arm, its erstwhile employees are yet to be paid salaries and other benefits. Labour Minister Mallikarjun Kharge, however, denied in the Lok Sabha on Monday that the troubled Indian arm’s assets had been sold to Argentum Motors. In a written reply, he said: “The official liquidator has no knowledge as to the fact of selling the assets to Argentum Motors,” and added that the official liquidator “has not sold DMIL and has not made any settlement to the third party.” The car company was reported to have liquidated its assets in March 2003. The Minister admitted that the employees’ claims had not been settled. Asked what the Government was doing in this regard, he said a committee had filed its report, which was pending adjudication before the Delhi Court.