Federal Minister for Industries and Production Rana Tanveer Hussain has informed the National Assembly that the closure of Utility Stores Corporation (USC) was part of a phased restructuring process approved by a Cabinet Committee on Right-Sizing, aimed at improving efficiency and reducing losses.
In response to a point raised by Asifa Bhutto Zardari on point of order, he said that in initial step loss-making outlets were shut down besides releasing daily-wage staff. However, a separate package was formulated for contractual and regular employees to ensure their financial security, he said.