Business Daily from THE HINDU group of publications Saturday, Nov 22, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Industry & Economy
-
PSU PSU officers not happy with pay revision package
“The actual increase after 10 years of last pay revision in 1997 is maximum 30 per cent only by taking maximum of scale at all levels.” Our Bureau New Delhi, Nov. 21 The Government’s attempt to make jobs in Central Public Sector Enterprises (CPSE) attractive seems to have met with little success. The pay revision of CPSE executives announced by the Government on Thursday has been turned down by the Oil Sector Officers Association (OSOA) and other PSUs as well. Mr Amit Kumar, President of OSOA, said, “The effort of two-and-a-half years of constant persuasion by nearly 50,000 officers through their forum of OSOA has been negated altogether by the Government. “Officers are extremely aggrieved and the Government is forcing us to go on direct action programme with effect from December 2.” He said “after scrutinising the package which is based on the Mr Justice M.J. Rao Committee constituted for the purpose of Pay Revision of CPSE Executives, we are extremely demoralised”. The interpretation of increase in proposed pay by 50 per cent-300 per cent is ‘false’, OSOA said in a statement. “The actual increase after 10 years of last pay revision in 1997 is maximum 30 per cent only by taking maximum of scale at all levels,” the statement said. The scale-to-scale hike as being projected by the Government does not include the dearness allowance (DA) which was already ranging at 68.8 per cent without DA merger, stagnated increments, Special Pay and Personal Pay and so on, OSOA said. Even the Risk pay proposed by Mr Justice Rao has been denied and Fitment benefit has been lowered from 42 per cent to 30 per cent at highest level. “It is worth mentioning that in private sector the annual increments are ranging from 20-25 per cent on very heavy pay packets, where as the total rise proposed by the Government is only 30 per cent. “This will surely enhance the poaching of trained talent by private companies and multinational companies,” Mr Kumar said. The OSOA had deferred their strike call effective from November 18 on categorical assurance by Ministers of Petroleum and Natural Gas, Mr Murli Deora and Heavy Industries, Mr Santosh Mohan Deb, in presence of Chairmen and Managing Directors of all oil PSUs and highest officials of both the ministries on November 17. The Coal India Officers’ Association, General Secretary, Mr Arup Gooptu, said, “it has not addressed the issue of doing away with the discrepancies of public and private sector employees salary. This move will need a stimulant.” According to PSUs, clarity is required on performance related pay. Higher pay for Central PSU officers gets Cabinet nod More Stories on : PSU | Human Resources
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, 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
|