Chairman And Managing Director The ... vs General Secretary Fact Employees ...

The Supreme Court upheld the decision of the Kerala High Court affirming the reduction of the retirement age for pre-1978 employees from 60 years to 58 years, as per the order dated 29.04.2003 issued by the appellant Public Sector Undertaking (PSU) in compliance with the Central Government's directive. The Court found that the PSU was facing a financial crisis necessitating this change, and the Trade Unions had previously agreed to measures for rationalization of workforce. The Court held that the PSU's actions were justified under the circumstances, thereby dismissing the appeals.