Financial Daily from THE HINDU group of publications
Thursday, Apr 07, 2005
Financial Daily from THE HINDU group of publications Thursday, Apr 07, 2005 |
|
|
|
|
|
Corporate
-
Trade & Labour Unions Long-term wage pact signed at ITC's Kidderpore unit Our Bureau
Kolkata , April 6 THE ITC Kidderpore cigarette factory management has signed a back-to-back long-term wage agreement with the CITU-affiliated ITC Ltd Workers Union. The agreement will come into force retrospectively from March 1, 2005following the expiry of the last agreement on February 28, 2005. The new agreement has been described as a unique development in the union-management relations at ITC. According to an official releasehere today, the essence of the settlement was its focus on the induction of technology and process-based re-organisation of work, "creating a more knowledgeable work environment with people willing to adapt and change, to successfully realise a shared vision". The key highlights of the agreement are DA merger with basic pay at 500 points, technology induction to ensure quality at a higher productivity by removing non-value adding activities, off-site warehousing with palletised issue of material to the shop floor and to work around the space constraints, empowering self-directed work groups by making machine operatives responsible for statistical process control and quality, and greater focus on customer orientation through built-in scalability. The Kidderpore unit, said to be the youngest among the ITC factories having come up at 1928, has 509 workers as on date, and is said to be a highly productive outfit, after achieving a complete turnaround in the mid-90s.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|