New Delhi, Feb 12 (PTI) Cement workers and managementshave reached a wage settlement of the order of Rs 168 crorebenefitting 1.25 lakh employees with individuals getting anincrease of up to Rs 3,500 a month.
The agreement was reached between cement workers unionsand manufacturers associations in the presence of ChiefLabour Commissioner here yesterday.
While the workers will get a raise of Rs 2,100 for 48months, an additional Rs 1,400 for 24 months will accrue tothem. The settlement is valid for a period of four years fromApril 1, 2010. Twenty-three cement companies were involved inthe national settlement.
N Srinivasan and N A Viswanathan signed on behalf of theManufacturers Association while the employees were representedby G Sanjeeva Reddy and N Nanjappan of the INTUC, Hari ShankarSharma (BMS), R A Mittal (HMS), H Mahadevan and G Obulesu(AITUC), Dipankar Mukherjee (CITU) and Rathina Sabapathy(LPF).