Press Release
The Management of The Tinplate Company of India
Limited and the Golmuri Tinplate Workers' Union signed a Memorandum of Settlement
regarding wages and other benefits
The Management of The Tinplate Company of India
Limited and the Golmuri Tinplate Workers' Union signed a Memorandum of Settlement
regarding wages and other benefits on Friday, the 7th November, 2003. Mr.Bushen Raina, MD,
TCIL, signed the agreement on behalf of Management of the Company while Mr. Rakeshwar
Pandey, President, Golmuri Tinplate Workers' Union signed on behalf of the union. The
Agreement was signed in the presence of Mr.Peter Lakra, Dy.Labour Commissioner and
Conciliation Officer, Jamshedpur.
The earlier Agreement expired on 31.10.2002. The
agreement was arrived at after protracted negotiations spread over 8 months. The agreement
provides for a Minimum Guaranteed Benefit of Rs. 250/- p.m. plus one increment immediately
and an additional increment from 1st January,2004. It also provides for an increase in
LTA, Conveyance Allowance etc. amongst other benefits.
One of the unique feature of this agreement is
provision for payment of pension to the nominee of a deceased employee in the event of
death while in service contingent upon deposit of Provident Fund and Gratuity settlement
of the deceased employee with company.
The settlement was arrived in a cordial
atmosphere. The union agreed for reduction in subsidies for power and Canteen as well as
increase in recovery of House rent. The net additional cost to the company as a result of
the above agreement will be approximately Rs. 1100/- per employee per month.
On behalf of the Management signatories included
Mr.Bushen Raina, MD, Mr.B.Chandra Shekhar, Advisor to MD, Mr.A.K.Sinha, Advisor,
Mr.K.N.Mishra, Jt.G.M(Operations), Mr.Ujjwal Kumar,Dy.GM(HRM), Mr.Dipankar Chakravarty,
Chief(F&A), Mr.B.C.Kumar, Chief Divisional Manager(Administration), Mr.James
Davis,Chief Divisional Manager(Personnel) and on behalf of the Union the signatories
included Mr.Rakeshwar Pandey, President, Mr.S.D.Tripathy, Sr.Vice President, Mr.Bijendra
Jha, Vice President, Mr.R.Appal Raju, General Secretary, Mr.Parbinder Singh,
Asstt.Secretary, Mr.Dharmesh Kumar Singh, Asstt.Secretary, Mr.Kalicharan, Asstt.Secretary
and Mr.Sudama Tiwary, Treasurer. |
