In a letter to the President, Prime Minister and Minister of Telecommunication and Digital Infrastructure facilities, Sri Telecom Active Trade Union Collective says that the company is moving towards an abyss and the top management has not taken any action to tackle the situation.

The CEO is drawing salary of over Rs.4 million per month inflicting a double blow for the SLT, they charged.

They noted that the top management headed by the Group Chief Executive Officer Dileepa Wijesundera is causing a massive damage and loss to Sri Lanka Telecom by lowering the quality of the firm, and engaging untrained employees in skilled duties through out sourcing.

The management has increased the transport allowance of only 264 A4 and A3 grade officers by Rs.50, 000 and Rs.70.000 respectively ignoring protests of trade unions, they alleged.

Action has been taken to reduce the working hours of executive officers only by 45 minutes thereby affecting the productivity of the company revealed.

During the year 2015 appreciation of US Dollar against the Sri Lankan Rupee caused SLT group to incur Rs. 2.1 billion , in translation losses as the group opted for more foreign currency denominated loans, thus taking advantage of low interest costs by utilizing its capability to repay borrowings through internally generated foreign currency in-flows, the company said in a media release.