Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lanka's state owned dairy producer loses Rs. 200 million due to strike
Fri, Dec 27, 2013, 10:56 am SL Time, ColomboPage News Desk, Sri Lanka.

Dec 27, Colombo: The state owned dairy milk company in Sri Lanka, Milco (Pvt) Ltd., has said that the strike action by the company's employees has caused a Rs. 200 million loss to the institution.

Milco employees have launched a strike action accusing bribery and corruption in the company's Board of Directors and have called on the government to take immediate action against the Board members.

The employees of Milco's Highland factory in Narahenpita have launched a strike demanding the removal of the director of the company. The strike has affected the supplies of locally produced Highland brand of dairy products.

Responding to allegations of bribery and corruption levelled against the institution's Board of Directors by the employees, the management said it was ready to face the allegations.

Chairman of Milco, Sunil Wickremasinghe told a news conference that he was ready to face any allegation levelled against him.

He said the company has incurred a Rs. 200 million loss due to the strike.

The Chairman asked the workers to stop boycotting work and return to their stations since the strike has been launched without the permission of the Board.

According to the Chairman, the losses incurred by Milco that were reported in the report by the Parliamentary Committee on Public Enterprises (COPE) were due to the increase in fuel prices, the purchasing of fresh milk for Rs. 50 per liter as against the previous price of Rs. 25 per liter and the allocation of only Rs. 160 million by the Treasury for its operations, instead of the Rs. 190 million that was promised.

** Related Story :: Severe shortage of milk powder in Sri Lanka

ColomboPage - Recent 10 Stories
Extremist Sri Lankan Buddhist organization has no plans to topple the government
Sri Lanka's private sector retirement fund earned over Rs. 550 billion in last five years - Central Bank
Disciplinary inquiry against Sri Lanka's star cricket players over retirement remarks
Coastal line train services disrupted in Sri Lanka as protesting workers block trains
Sri Lanka has achieved a lot, Korean envoy tells President
US Ambassador celebrates Earth Day with Sri Lankan Girl Guides
Sri Lanka national coach resigns to take up appointment with ECB
Sri Lanka takes measures to increase forest cover
Sri Lanka police ban passenger transport on hand tractor trailers
Sri Lanka maintains policy rates, current monetary policy appropriate

Copyright © 2000, 2014 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.