The two-month-long strike by the Road Transport Corporation employees in Seemandhra region of Andha Pradesh ended on Saturday following an agreement with the State Government.
Though the strike was called in protest against the proposed bifurcation of the State, major unions called off the strike after the Government assured them acceptance of their other demands relating to the finances of the corporation.
In a big relief to the people of coastal Andhra and Rayalaseema, buses resumed plying in the 13 districts.
The State Government has agreed to set up a high powered committee of officials to study the demands including merger of the Road Transport Corporation with the Government. The committee will submit its recommendation in hundred days.
To give a legal sanctity to the agreement the State Government issued a formal order in this regard.The other demands include one year holiday to RTC from Motor Vehicle Tax (estimated to be `4 billion) and allocation of `5 billion and a waiver from accumulated loss of `50 billion.
To the employees who had participated in the strike, the Government will pay special advance of `3,000 on Saturday and within a week another `25,000.
The agreement was between the National Mazdoor Union and the State Government. The two months strike has caused the RTC a huge loss of `6 billion in revenue dragging the public sector entity to the verge of bankruptcy.