SAIL made provision of funds for employees

by Psu Connect
Date: 25-12-20

There will be no struggling point regarding the salary agreement, therefore the negotiations are going on between SAIL management and the National Joint Committee for Steel Industry (NJCS).

SAIL made provision of funds for employees

Bhilai. Steel Authority of India-SAIL has made a provision of 1,247.52 crores in the salary agreement head in 2018-19 and 1,351.56 crores in 2019-20. Thus, the fund has been arranged by the company to its employees and workers under the wage settlement process.

The benefitted personnel will be 70 thousand working employees who are working at Bhilai Steel Plant, Rourkela, Durgapur, Bokaro, Salem, Visvesvaraya, Allay Steel Plant, Chandrapur, RMD.

There will be no struggling point regarding the salary agreement, therefore the negotiations are going on between SAIL management and the National Joint Committee for Steel Industry (NJCS).

Awaiting after a long period, SAIL personnel are happy now about the provision of funds. Salary agreement benefits workers employed at Bhilai Steel Plant - Chhattisgarh, Rourkela Steel Plant - Odisha, Durgapur, Alloy Steel Plant, and Isco Burnpur Plant - West Bengal, Bokaro-Jharkhand, Salem-Tamil Nadu, Visvesvaraya-Karnataka, Chandrapur-Maharashtra, RMD Will happen.

"Please tell that the cell management has accepted the matter of salary agreement, but has also spoken about not giving arrears. The pay agreement is pending since January 1, 2017. The salary agreement is stalled due to government guidelines. For three consecutive years, orders were issued not to compromise the salary in the loss-making units, which was also affected by SAIL personnel. Now SAIL has started making profits."

Steel Executive Federation of India (SAFE) Chairman Narendra Kumar Banchore said, "the provision of funds has boosted expectations. SAIL management has prepared the salary agreement. Now it is waiting to be implemented. There is a dispute about the matter of arrears. No one will agree without arrears. Sephi has clearly stated that the salary agreement should be done as soon as possible. Are also willing to take arrears later. Depending on the profit, fixing 15 to 20 percent amount for arrears will boost everyone's morale."