Cement Manufactures Finalise 33% Increase In Wages
Cement Manufacturers’ Association, India (CMA), the one and only employers’representative association for the cement industry, has finalized plans to grant all workers under it's representative cement companies a 33% hike in salary, under a new wage accord. A settlement to this effect has been arrived at with the National Federation of Trade Unions (INTUC, BMS, AITUC, HMS, CITU and LPF), representing cement company workers across India.
The new wage settlement will be valid for a period of four years, covering the period from April 2014 to March 2018.
Cement company workers thus benefitted are employed by 20 companies having 85 cement units across the country, which, covers approx. 66 per cent (189 million tonnes) of the total annual cement production capacity in India (285 million tonnes of cement).
The settlement, effective from April 1, 2014, envisages an increase of Rs 6,000 per month in the gross pay of cement company workers (to be paid in two installments of Rs 3,000 each in April 2014 and September 2016), which converts to an enhancement of 33% in their salary. It also provides for increased dearness allowance benefits. The arrears for 16 months will be paid in two instalments, said cement industry spokepersons in Chennai.
Cement Manufacturers’ Association has been representing the employers in wage negotiations since 1978. After the two Arbitration Awards in 1978 and 1982, the cement industry has been signing 12 (3) settlements under the Industrial Disputes Act, 1947 at the conclusion of bilateral negotiations with the National Federation of Trade Unions (comprising INTUC, BMS, AITUC, HMS, CITU and LPF), representing cement workers across India. Together with the current settlement effective April1, 2014, there have been 7 such national-level settlements for the cement company workers from 1989 onwards.
The current settlement was reached between CMA and representatives of trade unions before chief labour commissioner P P Mitra in New Delhi. Those present at the meeting were:
N Srinivasan, Vice-Chairman and MD, India Cements,
O P Puranmalka, President of CMA,
S Chouksey, Vice-President of CMA,
N A Viswanathan, Secretary-General of CMA,
and representatives of the trade unions.
N. Srinivasan, Vice-Chairman and MD of The India Cements Ltd.,Chennai said ...“The current settlement is unique in today’s scenario since it is perhaps the only nation-wide settlement reached for workers of a major organised industry in the private sector. Despite the difficult conditions being faced by the industry, due to subdued demand and lower capacity utilisation, it has agreed to implement the wage revision in the overall interest of a large number of workers.”
N. Srinivasan, Vice-Chairman and MD of The India Cements Ltd.,Chennai, has been taking the lead in the negotiations on behalf of Cement Manufacturers’ Association for the past 25 years having concluded six out of seven settlements signed so far.
Read more in detail in the below referred links...
Cement Wage Settlement
Cement Company Wages
CMA Wage Settlement
Cement Manufacturers Wage Settlement
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