Management Shuts Down Hyatt Regency

Jun 18, 2019 Merolagani

the management of Hyatt Regency has temporarily shut down its services citing employees' protest. The employees of Hyatt Regency are in protest since the last six days demanding favorable working environment. 

They have been protesting a perk and service facility cut by the hotel management and lack of favourable environment to work. "We are forced to resort to the protest as the agreements struck with the hotel management since 2006 to 2018 have not been implemented," said Mukti Dahal, chairperson of the hotel branch of the Authorised Trade Union. He also accused the hotel management of embezzling insurance funds, and cutting grade service the employees are entitled to.

Likewise, five Indian nationals who have been inducted into high management of the hotel have been charged with ill-treating the employees. Their repeated talks with the hotel management could not turn into fruition, said Dahal. The hotel management could not be reached for comment despite repeated efforts.  

In the mean time, the hotel management has issued an statement to Nepal Stock Exchange elaborating their reason of closure.

comments powered by Disqus

Government Fails to Collect Targeted Revenue; Capital Expenditure Nears 70%

Jul 16, 2019 03:53 PM

The government has failed to collect targeted revenue in the current FY. As per the Office of Auditor General (OAG), the government collected 83.66 percent revenue till July 15, a day before the closing of the current FY.