The ninth Tripartite Wage Settlement for a period of five years concluded between the Management of NMDC and All India NMDC Workers’ Federation recently before BK Sanwariya, chief labour commissioner (central), New Delhi.
The All India NMDC Workers’ Federation was headed by the federation president and member of Parliament Gurudas Das Gupta, represented by SQ Zama, general secretary, RD Tripathi, vice president, RDCP Rao, secretary and the Management of NMDC was headed by CS Verma, CMD, represented by S Thiagarajan, director (finance), Subimal Bose, director (production), Sarbesh Kumar Das, director (commercial) and Sandeep Tula, general manager (P&A).
Around 5,000 workmen of NMDC will be benefitted by this wage revision. There will be an average increase of Rs 10,000 to 12,000 per month per workman. The financial implication of this wage revision is estimated to be around Rs 65 crore per annum.
In consideration, both the parties have agreed to increase the production level of NMDC to 32 MT per annum from the present production level of around 30 MT per annum. The settlement has been widely acclaimed by the workmen of NMDC.