INDIA'S
MTNL WORKERS TO RALLY AGAINST LACK OF PAY HIKE
Thu. April 02, 2009; Posted: 03:03 AM
NEW DELHI, Apr 02, 2009 (AsiaPulse via COMTEX)
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PowerRating -- Workers of India's state-run
Mahanagar Telephone Nigam Ltd (BSE:500108) will
stage a rally protesting non-implementation of the
revised pay structure as recommended by the Sixth
Pay Commission.
This Trade Union
Programme is going on due to the wrong and
discriminatory policies of the Government of India
and the MTNL management and the policies are to
make MTNL a sick PSU which is a Kamdhenu PSU, the
Joint Forum of MTNL Executive's Associations (JFMEA)
said in a statement.
The management of
MTNL had taken a decision to implement Pay Revision
Committee's (PRC) report with five per cent fitment
and capped House Rent Allowance (HRA) as on
December 2006 as against the recommended 30 per
cent fitment formula, which is due with effect from
January 1, 2007.
The fitment was to
be implemented in all profit-making Central Public
Sector Enterprises (CPSE), where Profit Before Tax
(PBT) for the fiscal 2007-2008 had not dipped more
than 20 per cent after implementing a new pay
package with 30 per cent fitment for executives and
non-unionised supervisors.
JFMEA said for MTNL, this dip is
less than eight per cent but inspite of this, MTNL
management chose to go ahead with five per cent
fitment and also capped HRA.
(PTI)
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