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Wednesday, Jun 17, 2009
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VISAKHAPATNAM: The talks held on revision of wages for employees of Visakhapatnam Steel Plant by the National Joint Committee of Steel on Tuesday failed with the unions rejecting the management offer for 22 per cent minimum guaranteed benefit (MGB).
The talks, which remained inconclusive, were postponed to July 10. In the last meeting held in New Delhi, the unions demanded 30 per cent MGB against the management’s offer of 20 per cent. This time, the management increased the offer by two per cent, whereas the Visakha Steel Workers’ Union (VSWU), the recognised union of VSP, and other unions wanted more.
CITU and AITUC leaders demanded 28 per cent MGB, according to VSWU deputy general secretary V. Dhanaraju and secretary R.S. Raju.
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