Source: The Hindu Business Line, Feb 22, 2019
New Delhi: The Cement Manufacturers’ Association (CMA) and Federation of Central Trade Unions on Wednesday signed a settlement before the Chief Labour Commissioner (Central) which will benefit around 20,000 employees in the Indian Cement Industry by way of an increase in gross pay, enhanced dearness allowance and service weightage.
In all, 21 cement companies, which covers 60 per cent of country’s total cement capacity had authorised CMA to negotiate with the trade unions on behalf of them, said the statement.
The settlement is for duration of four years from April 1, 2018 to March 31, 2022 and provides for an increase of ₹ 5,000/- per month in the Gross Pay of cement employees (to be paid in two instalments of ₹ 2,500/- each in April 2018 and April 2020).Arrears for 11 months will be paid in two instalments. Read the rest of this entry »