Taking serious note of the dwindling revenue of Chandigarh Industrial and Tourism Development Corporation (CITCO), the UT administrator Shivraj Patil has issued directions for conducting efficiency audit of all the employees working with the corporation.
The move is aimed at identifying the non-performing officials and the development holds significance as in past despite fall in the revenue in both industrial and tourism sectors, the management had never held any official accountable for the losses.
CITCO managing director Tanvi Garg and UT home secretary Anil Kumar have been given the responsibility of ensuring that efficiency audit of employees is conducted regularly and inefficient employees are weeded out irrespective of seniority and designation.
According to sources, in a review meeting held recently, Patil expressed displeasure over the worsening financial health of the corporation and lashed out at the top officials for their failure to take corrective steps.
As per the official figures, in first quarter last year, CITCO had made a net profit of `3.23 crore which has come down to `1.52 crore during the same period this year.
Wages being paid to the employees deployed at various units account for more than the revenue earned by majority of these units. There are a total of 21 units in CITCO and according to the sales figures of first quarter, as many as 13 units paid salaries in excess of their earnings.
According to sources, efficiency of an employee would be judged on the basis of his or her annual confidential report and performance in their respective units.
There are around 1,200 employees working with CTICO, while a workforce of around 500 has been hired on contract through service providers.
Patil had also directed the top officials to improve the marketing strategy of the hospitality sector, which is also struggling in the wake of falling earnings.
CITCO management is in the process of hiring a strategic consultant with an aim to inject a new lease of life by restructuring its business system.
The consultant would be required to study the existing system and suggest amendments. Besides, strengths, weakness, opportunities and threats (SWOT) analysis of CITCO would be carried out in context of increasing the competitive environment.
Despite attempts, CITCO managing director Tanvi Garg and UT home secretary Anil Kumar were not available for comments.