Mexico's business community issued statements on Sunday backing the closure of the state-run Central Light and Power Company (LyF) even as the company's workers marched against the government's decree.

"The company has only two ways to go: produce quality goods and services and become solvent, or disappear," said Miguel Maron Manzur, president of the National Manufacturing Industry Chamber.

"We are convinced that its dissolution was done for the good of the country and for a better long term future in which resources can be oriented toward long term plans not toward subsidizing inefficiency," he said.

Some 15,000 workers took to streets near the Interior Ministry to protest against the government's decree, published on Sunday's Official Federal Gazette, of liquidating the company and dismissing the workers.

LyF provides electricity to 6.2 million people in Mexico City and several states in central Mexico. The government intends to hand operations over to the Federal Electricity Commission, another state-run company providing electricity to the rest regions of the nation.

Thousands of Mexican Federal Police seized at least 10 LyF offices and facilities on Saturday night in Mexico City and the states of Mexico, Puebla, Morelos and Hidalgo, together with the Federal troops.

Fernando Amezcua, spokesman for Mexican Electrical Workers Union (SME), called on the government to dismiss the decree, the police to leave the LyF property, and workers to return to their jobs at a Sunday press conference, where he also promised a campaign of resistance.

Amezcua also called for negotiation on seeking a solution to the firm's financial problems.

In the decree, Mexican President Felipe Calderon said that the firm was dissolved due to its "financial and operational inefficiency" citing labor liabilities of 240 billion pesos (18 billion U.S. dollars) and operating costs almost twice of its income.