December 02, 2008

HEC may face industrial unrest on wage revision

Ranchi Express reported that: HEC is all set to face a severe industrial unrest on the issue of wage revision of employees which is pending since 1997.

As per report, employees are working there on 1992 wage agreement and HEC has failed to revise its workers' wage since then.

The officer associations and different trade unions are repeatedly giving warning to the management for wage revision.

Last year, the central government had declared the revival plan for the company under which an agreement was reached between the ministry of heavy industries and HEC management to revise the workers' salary if the production in the company exceeded INR 300 crore to bring it into profit. Thereafter the workers started working hard and the production crossed that figure and brought the company into profit.