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There is no pension for PSU employees as yet. It has been proposed by the Pay Committee for executives. So it may only now also be implemented for workers.
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My father was semi govt employee and he always told me that there is pension in PSU's.May be he was wrong
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If you carefully read the reasons for protests against disinvestment, it is against sell off of public assets at throw away price by the Govt in power without proper costing and assessments. These PSUs are having real estates valued at thousands of crores which are just handed over at book value. And only profit making PSUs are looked to be privatised not loss making. Look at what happenned to Centaur Hotel. It was sold to a private party and that party promptly sold it to another party at a neat profit of 150 crores overnight! Complete BALCO with all its assets was sold to Sterilite just for 450 crores! A few years back Supreme court had to step in to stop total selloff of HPCL. IPCL a highly professional and profit making PSU was sold for with all its assets and that included the best cricket stadium in Baroda for a song to Reliance.
So what are the safe gaurds to prevent such fraudulant sell offs of Public assets?
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Well we all know that Corruption is very much is in India but still subsidies to loss making Psu's just for the sake of employment is not economically viable.Even today we all Know that there is corruption in NREGA and it is total wastage as there is hardly any productive work is done under NREGA so can in long term there should be no unemployment,but because of corruption we cannot say that employment gurantee scheme's are bad.
Anyway this discussion is about manufacturing jobs which hardly grew in India and there must be some reason behind it.India desperately needs to create jobs for lower midle class o/w there is going to be big social unrest in India in future