December 23, 2024 02:14 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Mohali building collapse: Death toll rises to 2, many feared trapped for 17 hours | 4-year-old killed after speeding car driven by a teen hits him in Mumbai | PM Modi attends opening ceremony of Arabian Gulf Cup in Kuwait | Jaipur gas tanker crash: Toll touches 14, 30 critical | Arrest warrant against former cricketer Robin Uthappa over 'PF fraud' | PM Modi emplanes for a visit to Kuwait | German Christmas market car attack leaves 2 dead, Saudi Arabian doctor arrested | India, France come together to build world's largest museum in Delhi's Raisina Hill | Canada, US presented no evidence of Indians' involvement in purported criminal acts: Centre informs Parliament amid 'serious allegations' | Delhi Police Crime Branch to investigate FIR against Rahul Gandhi over Parliament tussle

90,000 SAIL employees to benefit from Wage agreement

| | 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.
 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am
In Images: Glimpses from Bengali film Fatafati's premiere
In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm
Gautam Adani meets Bangladesh PM Sheikh Hasina
Gautam Adani meets Bangladesh PM Sheikh Hasina Sep 06, 2022, at 06:46 am