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Cement makers sign new wage accord with workers

The new wage agreement provides for an increase of Rs. 6,000 a month in the gross pay of cement workers.

August 07, 2015 8:01 IST | India Infoline News Service
Cement Manufacturers’ Association (CMA), a body representing India’s leading cement producers, and the National Federation of Trade Unions, a body of cement workers, have signed a new wage agreement.

The fresh wage settlement will be valid for four years, and cover the period beginning April 2014 to March 2018.

It will benefit workers employed by 20 cement makers having 85 units across India, which accounts for ~66% of the total annual cement production capacity in the country (189 million tonnes out of the 285 million tonnes).

The new wage agreement provides for an increase of Rs. 6,000 a month in the gross pay of cement workers. This will be paid in two installments of Rs. 3,000 each in April 2014 and September 2016. The arrears for 16 months will be paid in two installments.

The wage hike translates into an increase of 33% in cement workers’ wages. The settlement also provides for enhanced dearness allowance benefits.

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