02-03-2009, 12:23 AM
<b>Hurriyat feels recession heat, lays off staff</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Srinagar It seems the global economic meltdown has not even spared the Hurriyat Conference (HC) which said the amalgam has wound up all its district offices and slashed funds to its 26 general council constituents by 50 per cent.
"The financial recession is a world wide phenomenon and its effects are inevitable. We have closed down district offices and reduced staff strength as a measure of reforms," Hurriyat sources said.
Even the kitchen at the central office has been closed in view of financial crunch being faced by the HC, they said.
The separatist conglomerate faced a humiliating situation as the people almost ignored its call for boycott of the recently held assembly polls in J&K.
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Low oil price is really hurting them or FOSA, FOIL, IMC, Roys, CHatterjees funders are short of cash because of loss of job in US?
"The financial recession is a world wide phenomenon and its effects are inevitable. We have closed down district offices and reduced staff strength as a measure of reforms," Hurriyat sources said.
Even the kitchen at the central office has been closed in view of financial crunch being faced by the HC, they said.
The separatist conglomerate faced a humiliating situation as the people almost ignored its call for boycott of the recently held assembly polls in J&K.
<!--QuoteEnd--><!--QuoteEEnd-->
Low oil price is really hurting them or FOSA, FOIL, IMC, Roys, CHatterjees funders are short of cash because of loss of job in US?