Monday, December 11, 2023

Wage revision of Processing and Distribution Limited hailed

Jamshedpur: The long awaited wage revision of Tata Steel Processing and Distribution Limited for its employees of Bara Plant, CR Plant inside Tata Steel Works and Demag Plant inside Tubes Division has brought satisfaction amongst the employees.

The negotiation process with the union for the revision with effect from 1st October 2012 got finalized after a series of long negotiations, by signing a settlement between the Managing Director of TSPDL Sandipan Chakravortty, president of the Tata Steel Processing and Distribution Limited Employees� Union Rakeshwar Pandey and other Senior Executives of TSPDL namely Abraham Stephanos, Executive Director, PK Sahu, General Manager (HR and IR), Om Prakash, General Manager-Jamshedpur Operations and Sales and Pratik Chatterjee, General Manager (Finance and Accounts) and CFO and also the Executive andCommittee members of TSPDL Employees� Union, namely Tridev Singh, General Secretary, SB Rana and Dinesh Advisors to the President, Amanjee and Dinesh Kumar vice-president, Sachidanand and Ramesh Choudhary Assistant Secretary, Arun Tripathy treasurer, Ranjan Dubey and Rakesh Kumar Committee Member at their Head Office on 16th April 2014 evening.

Sources said there has been an upward revision of Rs. 6204, including all other allowances and contingencies. This settlement has been signed for a period of 5(Five) years for the permanent employees on the rolls of the company as on 1st October 2012 and will remain in force till 30th September 2017. There will be an increase of Rs 500 in the basic wage at the beginning of 4th and 5th year of the settlement. The employees shall get their arrears towards this settlement for the period from 1st October 2012 till 30stApril 2014 (19 months) on or before 10th May 2014.

�This wage settlement is a victory and achievements by the Recognized union of TSPDL. The revision was under negotiation for almost one and half years. After a protracted negotiation, both the Management and the Union agreed to each others view point and both parties have agreed to jointly work towards improvement in areas like Safety, Productivity and Cost reduction,� said a union official.

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