Economy

CMA,trade unions sign new wage pact, to benefit 20,000 employees in cement sector

Our Bureau New Delhi | Updated on February 22, 2019 Published on February 22, 2019

Representative image   -  REUTERS

The settlement is for duration of four years from April 1, 2018 to March 31, 2022

The Cement Manufacturers’ Association (CMA) and Federation of Central Trade Unions on Wednesday signed a settlement before the Chief Labour Commissioner (Central) which will benefit around 20,000 employees in the Indian Cement Industry by way of an increase in gross pay, enhanced dearness allowance and service weightage.

In all, 21 cement companies, which covers 60 per cent of country’s total cement capacity had authorised CMA to negotiate with the trade unions on behalf of them, said the statement.

The settlement is for duration of four years from April 1, 2018 to March 31, 2022 and provides for an increase of 5,000/- per month in the Gross Pay of cement employees (to be paid in two instalments of 2,500/- each in April 2018 and April 2020).Arrears for 11 months will be paid in two instalments.

N Srinivasan, Vice-Chairman and Managing Director (MD), India Cements—who also headed negotiation committee of CMA said, “The national level, industry-wide settlement since 1992 is unique as it is collective bargaining in its truest sense as the management and the unions sit across the table and then it is signed before the Central Chief Labour Commissioner in New Delhi.”

As an Industry, CMA is collectively committed to creating sustainable opportunities for better livelihood for its employees and being partners to the Government for creating sustainable business operations so relevant for the growth of the nation, said Mahendra Singhi, President, Cement Manufacturers Association and Managing Director and CEO Dalmia Cement (Bharat) Limited.

Published on February 22, 2019
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