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NLCIL inks Wage Revision Pact with Trade Unions
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Neyveli, Dec. 5 -- NLC India Limited a Navratna CPSE under the Ministry of Coal, Govt. of India has about 10,000 employees on the rolls under the Non-Executive category.
The revision of wages, allowances and incentive schemes benefiting the 10,000 employees was due since 01.01.2017. To revise the same, a Joint Negotiation Committee was formed comprising the representatives of the Management and the Trade Unions (CITU & LPF) based on guidelines receiving from DPE, Govt. of India. The Committee after holding several rounds of negotiations had arrived at a consensus and the same was finalised by the Senior Management team consisting of Functional Directors and CMD. Based on the agreement, a Memorandum of Understanding (MoU) for the revision...
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