Moneycontrol PRO
Loans
Loans
HomeNewsBusinessCompaniesNeyveli begins talks with unions after workers go on strike

Neyveli begins talks with unions after workers go on strike

Public sector firm Neyveli Lignite Corporation on Tuesday said it has started negotiations with the recognised workers' unions a day after its employees went on an indefinite strike to press their demand for wage revision.

July 21, 2015 / 13:37 IST

Public sector firm Neyveli Lignite Corporation on Tuesday said it has started negotiations with the recognised workers' unions a day after its employees went on an indefinite strike to press their demand for wage revision. "The management of the company has already commenced negotiations with the recognised unions and conciliation proceedings before the Regional Labour Commissioner is in process," Neyveli Lignite Corporation said in a BSE filing. It further said: "Contingency plans are in place.

Executives and supervisors of the company are maintaining the production and carrying out other supporting activities. Lignite production and power generation are being maintained. It is expected that normalcy would be restored soon." The talks held on July 17 failed to break the deadlock with the management sticking to its stand of offering only 10 percent increase in salary while the unions are demanding 24 percent hike.

The strike began from 2200 hours on July 20. Neyveli Lignite Corporation has termed wage hike demand "unreasonable". Around 15,000 employees of Neyveli Lignite Corporation commenced an indefinite strike to press their demand for wage revision in Neyveli in Tamil Nadu.

Strike has been called by 13 trade unions following failure of talks between them and the management over wage issue. The decision to go on strike was taken at a meeting of the Joint Action Council of the Trade Unions including CITU, INTUC, AITUC and AIADMK union. Wage revision in the public sector giant is implemented once every five years.

However, the last revision was in 2007. 

first published: Jul 21, 2015 01:37 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347