Pracs Lays Off Eight Employees Amid Financial Restructuring

In a significant move aimed at addressing its financial challenges, Pakistan Railway Advisory and Consultancy Services Limited (Pracs) has initiated a rightsizing process that has resulted in the layoff of eight employees. This decision comes in light of the company’s ongoing struggle with heavy financial burdens and limited resources, which have made it increasingly difficult to maintain its current staffing levels.

The management of Pracs has confirmed that the layoffs include several key positions. Among those affected are Azhar Imran, the Director of IT at the Lahore Office; Manzoor Hussain, the Assistant Director at the Head Office in Rawalpindi; and Fawad Ali Khan, the Deputy Manager of Administration at the same location. Other employees who have been relieved of their duties include Nadeem Hashmi, a Deputy Manager; Mohammad Hafeez, a Junior Assistant; Syed Salman Ali, an Assistant Director at the Karachi sub-office; Kamran Sohail, a Naib Qasid; and Shamaila Ruhi, a Telephone Operator, all based in Rawalpindi.

These layoffs will take effect from September 30, 2024, and the affected employees will receive an additional month’s salary as compensation for the notice period. This decision reflects the current operational reality of Pracs, which, according to sources, does not operate any trains and thus does not require a large workforce for its limited functions, which primarily involve reservation and inquiry services.

The rightsizing of staff is a common practice in many organizations facing financial difficulties. It is often seen as a necessary step to streamline operations and reduce costs. However, it also raises concerns about the impact on employee morale and the overall service quality provided to customers. As Pracs moves forward with this restructuring, it will be crucial for the management to ensure that the remaining staff are supported and that the company can continue to meet the needs of its clients effectively.

While the decision to lay off employees is undoubtedly a tough one, it is a reflection of the broader challenges faced by many organizations in today’s economic climate. As Pracs navigates this transition, it will be important to keep an eye on how these changes affect both the workforce and the services provided to the public. The hope is that this rightsizing will ultimately lead to a more sustainable and efficient operation, benefiting both the company and its customers in the long run.