Tuesday, January 5, 2010

Port & Dock workers pay hiked with effect from 01.01.2007

Labour Unions of the employees / workers of Major Ports had threatened to go on strike from midnight of 4th January, 2010 in protest against non acceptance of some of their demands on wage revision of Class III & IV employees which is due from 1.1.2007. The dead lock on various issues between the management and the Trade Unions was resolved with the intervention of Hon’ble Minister of Shipping. Wage Settlement for a period of 5 years has been reached between the management and the major federations of Port and Dock Employees / Workers. The settlement will benefit about 60,000 Port employees and workers and will be effective from 1st January, 2007. The employees will get a fitment benefit of 23% and the arrear of hike in their pay and allowances will be paid w.e.f. 1st January, 2007. It will add an extra burden of about Rs.450 crores per year on the major Ports.

Major Federations of Port & Dock workers while welcoming the goodwill gesture of the management and Hon’ble Minister of Shipping for conclusion of the wage settlement to the satisfaction of Port Workers promised for better efficiency and productivity to off set the extra burden on the exchequer of Ports.

Source : PTI
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