Neyveli strike ends; workers resume duty after wage pact
The strike at Neyveli Lignite Corp (NLC) in Tamil Nadu ended today with nearly 15,000 workers resuming duty after an agreement over wage revision was reached between them and the management.
New Delhi: The strike at Neyveli Lignite
Corp (NLC) in Tamil Nadu ended today with nearly 15,000
workers resuming duty after an agreement over wage revision
was reached between them and the management.
The management of the Tamil Nadu-based Miniratna
lignite-based power producer said that workers resumed duty
after it agreed to an early cut-off date for additional
increment in allowances.
This will result in an additional Rs 614-crore
expenditure on wage revision, it added.
The NLC workers, owing allegiance to the Dravida Munnetra
Kazhagom-supported Workers Progressive Union and the Pattali
Thozhir Sangam, had launched the strike on the night of June
30 to demand higher wages.
"We have agreed to an early cut-off date for one
additional increment of 3 per cent from September 2009,
besides a 71 per cent hike in allowances. Also, the company
agreed to give one increment from June 2007. All these will
result in Rs 614 crore additional financial implication on the
company," a senior NLC official told PTI over the phone.
These are the highest benefits given to workers by any
PSU, including Navratnas and Maharatnas, he added.
However, production remained normal during the strike
period and the power plant recorded an average 2,000-MW
production every day with the help of supervisors and 4,000
officers, the official said.
The lignite-based power plant employs about 19,000
persons, including 15,000 workers.
NLC plans to augment its installed capacity of 2,490 MW
to about 4,300 MW by 2012. It is currently executing a
1,000-MW project at Tuticorin in Tamil Nadu, a 500 MW
extension of the Neyveli plant, and a 50-MW windpower project.
It registered a profit after tax of Rs 1,604.86 crore in
FY`10, compared to Rs 1,046.01 crore in the previous year.