Intervening on an issue raised by Kumari Selja (Congress) during the Zero Hour in Rajya Sabha, Heavy Industries and Public Enterprises Anant G Geete said the HMT Pinjore units were in a "crisis" and employees have not been paid salaries.
"(We are going) to give VRS to HMT. We have talked with the employees, they are satisfied," he said, adding that the package will be on the lines of VRS announced for three other HMT units earlier.
In January, the Government had decided to close three unviable units of HMT including the once popular HMT Watches, along with HMT Chinar Watches and HMT Bearings, by offering an "attractive" VRS to the employees as per 2007 pay scales.
Raising the issue of non-payment of salaries to the employees of Pinjore units, Selja asked why was the government adamant on its decision to shut down the units.
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Selja said she suspected that the land would be sold after the closure of the units.
However, Geete said there was no plan to sell the land.