NLC India Limited a Navratna CPSE under the Ministry of Coal, Governmet of India has about 10,000 employees on the rolls under the Non-Executive category.
The revision of wages, allowances and incentive schemes benefiting the 10,000 employees was due since 01.01.2017. To revise the same, a Joint Negotiation Committee was formed comprising the representatives of the Management and the Trade Unions (CITU & LPF) based on guidelines receiving from DPE, Govt. of India.
The Committee after holding several rounds of negotiations had arrived at a consensus and the same was finalised by the Senior Management team consisting of Functional Directors and CMD. Based on the agreement, a Memorandum of Understanding (MoU) for the revision of wages, allowances and incentive schemes has been inked Wednesday at Chennai between the Management of NLC India Limited and Trade Unions in the presence of the CMD and the Functional Directors of NLCIL and the Senior Central Leaders of the Trade Unions (CITU & LPF).This will be implemented after the approval of Board of directors of NLCIL.