Union submits charter of demands ahead of wage revision agreement expiry.
Tata Power Employees Union has started the process for wage revision by submitting a charter of demands to the management.
JAMSHEDPUR – The stage is set for renewed negotiations regarding the wage revision agreement for Tata Power Company employees, with the current agreement expiring on December 31, 2024.
The Tata Power Employees Union has proactively initiated the process by submitting a charter of demands to the management on Friday.
This move anticipates the impending wage revision, prompting both parties to expedite discussions and reach a mutually acceptable agreement before the end of the year.
Representatives from the Tata Power Employees Union, including President Rakeshwar Pandey, General Secretary Pintu Srivastava, Vice President Pankaj Kumar Rai, Treasurer Mukesh Kumar, and Kumar Alok, formally presented the charter of demands to the management.
The management was represented by Plant Head Jagmeet Singh Sidhu, Operation Head Vasudev Hansda, HR Head Manish Tiwari, Praveen Kumar, Rakesh Bhadoria, and Chandni Gupta.
The current wage revision agreement, signed on March 23, 2021, covers a four-year period from January 1, 2021, to December 31, 2024.
Under this agreement, the minimum salary increased by Rs. 13,000, while the maximum salary rose by Rs. 17,500.
Additionally, there was a 15% increase in MGB (a component of compensation) and approximately a 45% increase in allowances.
As the expiration date of the current agreement approaches, both parties are preparing for negotiations to ensure a seamless transition and address employee concerns and demands.
The wage revision talks are expected to cover various aspects, including salary adjustments, allowances, and other benefits, aiming to balance the company’s financial considerations and the employees’ well-being.
A union representative stated, “We are committed to securing a fair and beneficial agreement for our employees, ensuring their well-being and job satisfaction.”
