HMT Employees Union (CITU) has withdrawn its agitation as
the Union government has approved its main demand on wage revision. A statement
issued by the Union on Friday said that the indefinite agitation, launched in
2010, was withdrawn on the basis of the latest development. The statement said
a section of the employees had withdrawn strike after it received an oral
assurance on wage revision in 2011. But the CITU led union had been continuing
the struggle in the absence of written communication. Board for Reconstruction
of Public Sector Enterprises (BRPSE), in a special meeting held in May, 2013,
recommended the wage revision package, apart from working capital worth Rs.75
crore. The Union government had approved the BRPSE proposals, the statement
said. An official release issued in Delhi on Friday said the Cabinet Committee
on Economic Affairs approved financial assistance for HMT.
The demand to raise retirement age to 60 has not yet been
accepted.
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