Officers of Public sector oil companies on strike from Dec 2

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Mumbai, Nov 25 (UNI) More than 50,000 officers of the public sector oil companies will go on an indefinite strike from December two, accusing the United Progressive Alliance government of showing total disregard to principles of collective bargaining.

Referring to the recent announcement on pay hike to benefit PSU Officers, Oil Sector Officers Association (OSOA) which is spearheading the strike, in a release here said the government's claim of 300 per cent hike was nothing but an attempt to coverup their policy of neglecting the oil sector. On the contrary, the actual rise was only 30 per cent after a time gap of 120 years and in Oil Sector nearly 60 per cent of the officers were stagnating for over eight years.

OSOA President Amit Kumar and General Secretary M S Sharma said, with the government going back on its promises, the OSOA had no option but to execute its direct action programme of indefinite strike from December two.

The proposed strike by OSOA would impact the economy of the country as the upstream loss of revenue on account of impact on crude production, sale of gas and value added products would be to the tune of Rs 183 crore per day for ONGC and more than Rs 225 crore over all. In the down stream, the revenue loss was likely to be to the tune of Rs 600 crore per day for IOC alone and more than Rs 900 crore for all oil marketing companies. The loss in excise duty alone was expected to be more than Rs 100 crore per day, OSOA said.

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