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90,000 SAIL employees to benefit from Wage agreement

India Blooms News Service | | Jul 03, 2014, at 04:28 am

#90 #000 SAIL employees to benefit from Wage agreement

New Delhi, July 2 (IBNS) In a significant move, the National Joint Committee for Steel Industry (NJCS) finalised wage settlement for non-executive employees of SAIL on 1st July, 2014 in the presence of C.S. Verma, Chairman, SAIL.

The wage settlement shall be effective from 01.01.2012 and would benefit more than 92,000 employees.

The wage settlement was cleared pursuant to the Memorandum of Understanding dated 25.01.2014 and approval of the SAIL Board as well as clearance of Ministry of Steel, Govt. of India.

Around a fortnight ago, Steel Minister Narendra Singh Tomar had approved the wage revision for SAIL employees which paved way for finalization of the wage settlement. The payment of wage arrears shall be made in two equal installments. The first installment shall be paid by 15 July, 2014

SAIL has enjoyed a healthy tradition of robust participative fora and has enjoyed harmonious industrial relations for more than forty years.

In SAIL, wage revision for non-executive employees is finalised through negotiations at national level bi-partite forum namely NJCS which has been in existence since 1969 and has now successfully effected nine wage settlements.

The signatories to the Agreement included Dr. Sanjeeva Reddy, INTUC, Sri Tapan Sen, CITU, Gaya Singh, AITUC, Rajendra Prasad Singha, HMS and several others representing the workmen and H.S. Pati, Director (Personnel), SAIL, Anil Kumar Chaudhary, Director (Finance),SAIL, Dr G.B.S. Prasad, Director (Personnel), RINL and other senior officers from the Management side.

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