Friday 24th May 2024

New Wage Settlement of MOIL workers signed Labour Commissioner (Central)

Nov 18th, 2021 7:06 pm | By | Category: LATEST NEWS

In a major development & relief to more than 6000 workers wage settlement was signed between MOIL Management-MOIL Kamgar Sanghathan in presence of Chief Labour Commissioner (Central).MOIL Limited is a Schedule-A, Miniratna Category-I CPSE under the administrative control of Ministry of Steel, Government of India.

Thewage revision is for 10 years’ duration w.e.f 01.08.2017 up to .31.07.2027, benefitting close to 6000 company employees. It is based on an MOU arrived between management and recognized union of MOIL i.e. MOIL Kamgar Sanghatan (MKS). The settlement includes fitment benefit of 20% and perks/allowances at the rate of 20%. An Interim relief @ 12% of Basic and DA was given by the company w.e.f May, 2019.

​It was agreed that MOIL will be making the arrear payment in one go, which will have a financial impact of Rs. 218 crores approximately for the period it is due i.e. from 1st August, 2017 to 30th September, 2021. The financial impact of the proposed wage revision will be about Rs.87 crores per annum. MOIL LIMITED has already made full provisions for this wage increase in the books of accounts.

Recently approval of the wage revision of MOIL workers was announced by Nitin Gadkari, Minister for Road Transport & Highways and Ram Chandra Prasad Singh, Minister of Steel, Government of India, However, long standing formal wage settlement was Signed today at Delhi with Recognized workers Union, CMD(MOIL) in presence of D.P.S. Negi, Chief Labour Commissioner (Central).

Representing the Management​ at the historic wage settlement were Mukund P. Chaudhari, Chairman-cum Managing Director MOIL Ltd., Shri Rakesh Tumane, Director (Finance), MOIL Ltd., Smt. Usha Singh, Director (HR) MOIL Ltd., PVV Patnaik, Director (Commercial) & I/c (P&P), MOIL Ltd. and C.B. Atulkar, ED (Technical) MOIL Ltd.

The Union was represented by Ramawatar Dewangan, Secretary General, MOIL Kamgar Sanghathan HO Nagpur, Mukunda Jambulkar, vice President, HO Nagpur, Shri Vedprakash Diwan, Branch Secretary.Appu Nair,Treasurer, HO Nagpur and Aifaz Kureshi, General Secretary

MOIL is the largest producer of manganese ore in the country and operates eleven mines in the State of Maharashtra and Madhya Pradesh. MOIL holds nearly 34% of manganese ore reserves of the country and is contributing nearly 45% of the domestic production. The company has ambitious vision of almost doubling its production to 25 lakh MT by FY 2024-25. MOIL is also exploring business opportunity in the State of Gujarat, other areas in the State of Madhya Pradesh, Rajasthan and Odisha.

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