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SAIL may give 15% hike to non executive employees
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Friday, 23 Aug 2013
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MyDigitalfc reported that the issue of wage revision at SAIL, pending for over 18 months, is expected to be settled this week, benefitting around 85,000 non executives with at least 15% hike in basic and dearness allowances.

The differences involving the rate hike are likely to be ironed out at the proposed meeting between the management of state owned steel maker and the National Joint Committee for Steel, an umbrella unit of the unions at SAIL’s different plants according to a source.

The source said that NJCS has been demanding 21.6% hike in basic and dearness allowances for non executives, while the management of SAIL is not ready to shell out more than 15% as the current industry situation is not conducive for such a steep hike.

NJCS has been countering the management argument, said that it was asking only what was given in the previous time in 2007. SAIL hikes the wages every five years. The latest one has been due since January 1st 2012.

The source said that “The meeting is scheduled for August 24th. The matter will be finalized there, and the negotiations are still going on. The management wants to settle it as quickly as possible. It has already conveyed to the union officials that the delay would also mean loss for workers as SAIL gives benefits prospectively not retrospectively.

The source said that “The market condition won’t allow the management to go beyond 15%, matching the earlier hike of 21.6% is just not possible.”

Source - My Digital

(www.steelguru.com)

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