Calcutta, June 8 :     Kesoram Textile Mills Ltd, a B.K. Birla group company, is heading for permanent closure with its networth being eroded by around 40 per cent in the very first year of operation. A closure will throw 3000 workers out of their jobs. A senior company official said the company had suggested a number of proposals both to the West Bengal government and the trade unions to run its only manufacturing unit at Kidderpore in Calcutta. 'But neither the government nor the trade unions has agreed to our proposals confounding the situation at the mills,' he said. The proposals include closing down of operations at the loom shed and its allied departments which employs 1500 workers, imposing a wage freeze, and reducing manpower and productivity linked wage system. The company has also proposed to farm out some jobs to contractors. The company wants to only run the spinning unit. The official said the company was not in a position to offer the voluntary retirement scheme (VRS) to get rid of the surplus workers. 'We will, however clear all statutory dues of the employees,' he said. KTML was born after the loss-making textile division of Kesoram Industries was hived off as a part of the company's restructuring programme recommended by the Ernst & Young. Work has been suspended at the Kidderpore unit since January 1999. The official said the company's capital base, which stood at Rs 10.45 crore, would go down to around Rs 6 crore when the financial results were approved. The company is going to finalise its accounts next week. The official said the trade unions did not even allow the company to send maintenance workers into the factory so that the machinery did not get affected due to the suspension of work. 'Our factory is situated on the banks of Ganga and therefore faces a major problem of rust formation. We had even agreed to the unions' proposal of taking maintenance staff from their panels.