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INDIA'S MTNL WORKERS TO RALLY AGAINST LACK OF PAY HIKE

Thu. April 02, 2009; Posted: 03:03 AM

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NEW DELHI, Apr 02, 2009 (AsiaPulse via COMTEX) -- MTE | Quote | Chart | News | PowerRating -- Workers of India's state-run Mahanagar Telephone Nigam Ltd (BSE:500108) will stage a rally protesting non-implementation of the revised pay structure as recommended by the Sixth Pay Commission.

This Trade Union Programme is going on due to the wrong and discriminatory policies of the Government of India and the MTNL management and the policies are to make MTNL a sick PSU which is a Kamdhenu PSU, the Joint Forum of MTNL Executive's Associations (JFMEA) said in a statement.

The management of MTNL had taken a decision to implement Pay Revision Committee's (PRC) report with five per cent fitment and capped House Rent Allowance (HRA) as on December 2006 as against the recommended 30 per cent fitment formula, which is due with effect from January 1, 2007.

The fitment was to be implemented in all profit-making Central Public Sector Enterprises (CPSE), where Profit Before Tax (PBT) for the fiscal 2007-2008 had not dipped more than 20 per cent after implementing a new pay package with 30 per cent fitment for executives and non-unionised supervisors.

JFMEA said for MTNL, this dip is less than eight per cent but inspite of this, MTNL management chose to go ahead with five per cent fitment and also capped HRA.

(PTI)

For full details for MTE click here.

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