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THIRUVANANTHAPURAM: A fresh long-term wage agreement has been reached in Hindustan Newsprint Ltd at Velloor in Kottayam.

Under the agreement signed between the workers and the management in the presence of the Labour Commissioner, Mr S. Sreenivasan, the daily wage-earners will get a hike ranging between 18 per cent and 25 per cent. It will be applicable to all the categories of daily wage-earners, according to an official statement.

The bonus for the years from 200405 to 2006-07 will be 12.5 per cent. The workers will also be eligible for Onam advance of Rs 5,000 each during these years.

The arrears under the fresh agreement will be given before June 10. The agreement will be in force from November 2004 to October 31, 2007.

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