Wage Agreement Latest News

Tata Steel has signed a collective agreement with the Tata Workers` Union under which employees in the Steel and Tube Division receive a provisional relief amount on a monthly basis. In October, Mboweni announced that the government would freeze public sector wages over the next 3 years to save R160 billion. Civil Servants` Association (PSA) lawyer Chris Orr said the pay increases, which are set at just over 5%, would cost the state only R10 billion. Coal India said it would impose an additional burden of Rs 6.5 trillion a year due to a 25 percent increase in workers` wages under the new deal. Bajaj Auto says collective agreement is not being discussed under strike pressure Coal India (CIL) has signed a pact with its unions to raise wages by 25 percent After three years of intense negotiations, bankers` unions and the IBA reached a memorandum of understanding on July 22 on a 15 percent annual wage increase. Public service employees` unions have taken the government to court after breaking the multi-year collective agreement and declared it to be reached without the necessary provisions 78 and 79, which require the agreement of the cabinet. According to the agreement, technicians receive 55% of the increased salary in the first year, 25% in the second year and 20% in the third year. The company faced serious labour unrest last year and has been working on signing a collective agreement ever since. Coal India will bear an additional charge of 6,500 cr rs due to the wage pact While formal notification of the provisional increase has not yet been received, ICRA believes that the major tea companies have started paying wages at the increased rate from 1 August 2018.

The workers and cement management got a pay slip in the order of Rs 168 crore, which benefits 1.25 lakh staff, with individuals receiving an increase of up to Rs 3,500 per month. New strike at Hyundai, as employees protest new wage agreementsJul 24, 2009 JOHANNESBURG – The judges of the Labour Court of Appeal who conducted the hearing on the public wage dispute questioned whether it was not too much to ask the government to raise workers` wages, given the economic situation and the impact of COVID-19. . . .