It should be noted that, according to established standards, wages must be reviewed every four years, regardless of market conditions. A meeting between SAIL management and workers to discuss issues related to the wage review for non-executives ended today without results. The Steel Employees` Trade Union (SETU), a CITU-affiliated body, on Friday asked the Steel Authority of India Limited (SAIl) authorities to guarantee a respectable wage agreement at the next meeting of the National Joint Steel Committee (NJCS) on 20 January. During a press conference, the President of SETU and the Secretary of State of the CITU announced that employees of more than one Lakh SAIl had suffered huge losses in monetary policy, the agreement being delayed for more than 25 months. SAIL`s approximately 85,000 non-executives will soon receive higher pay packages, as the Ministry of Steel has approved the revision of future salaries in Mahanratna. SAIL signed the Memorandum of Understanding (MoU) with the trade unions yesterday. However, the formal agreement would be signed after approval by the Ministry of Steel. Development sources said: “In SAIL`s new salary structure, the minimum wage for non-executives would be 4,000 billion euros, up from 2,100 previously. The maximum base salary for non-managers would be 11,400 ru. 5,028 Rs previously. SAIL has already arranged for the majority of arrears to be paid, and payment would come shortly after the signing of the wage review pact.
“It`s unbearable. Management should be lenient in responding to our requests as quickly as possible,” said CITU Secretary of State Bishnu Mohanty. While NJCS members require minimum guarantees of 17.5 percent and eight percent benefits, SAIl authorities have remained stable at 16 percent MGB and 5 percent benefits, Mohanty said. Mohanty also said that while management delayed the agreement process, some management-related workers agree to limit certain security measures, which poses problems in reaching an agreement. Under the terms of this agreement, workers would benefit from a revised remuneration on 1 January 2001 and a fictitious adjustment effective 1 January 1997. The previous collective agreement expired on December 31, 1996. The salary review should also make it possible to better meet SAIL`s voluntary pension scheme, which has been extended until 31 July, after only 2,000 employees have chosen the system, against a target of 7,000. Working in the various SAIl units has also suffered from the lack of a wage agreement, Mohanty said.
CITU leaders Banamali Dhupal, Biman Maity, Basanta Nayak and Rajkishore Pradhan were among the participants. Sources said this had led to significant wage differences between steel companies that were paid by the NJCS and steel companies that did not fall under the NJCS. Bhubaneswar: Steel Authority of India Ltd (SAIL) proposes to advance the plan to review executive and non-executive salaries in the midst of the Covid 19 pandemic. Sources said SAIL and Tata Steel were trying to convince the National Joint Committee for Steel (NJCS) that salaries should be revised to reflect technology parameters and global competitiveness. SAIL President Anil Kumar Chaudhary said Wednesday that the company is going for salary review for executives and not executives.