Search
LibraryLibrary

Shipping Ministry signs new wage agreement to benefit over one lakh port workers, pensioners

Aug 31, 2018 10:50 IST
    Shipping Ministry signs new wage agreement to benefit over one lakh port workers, pensioners
    Shipping Ministry signs new wage agreement to benefit over one lakh port workers, pensioners

    The Shipping Ministry on August 30, 2018 signed a new wage settlement agreement for Group C & D category of Port and Dock Workers in Mumbai, Maharashtra. The move will benefit around one lakh 35 thousand port and dock workers and pensioners in 12 major ports across the country.

    The agreement was signed by Shipping Ministry, port officials and workers federation in the presence of the Union Minister for Shipping, Nitin Gadkari.

    Key Highlights

    The new agreement will provide 10.6 per cent wage hike to workers and pensioners.

    The lowest grade of workers would get a pay-scale of Rs 20900-43600 and the highest grade worker would get a pay-scale of Rs 36500-88700.

    The workers and pensioners will get this benefit for a period of five years, beginning in January 2017.

    The total financial implication of the settlement for all the major ports for serving and pensioners is expected to be around Rs 560 crore per annum.

    More than 32,000 Port and Dock workers and 1, 05,000 Group C and D pensioners across all major ports will be benefitted from of this settlement.

    Other Details

    The settlement was signed between six Port and Dock Workers’ Federations and the Port Management under Section 12(3) of Industrial Disputes Act, 1947, before the Regional Labour Commissioner, representing Chief Labour Commissioner.

    It has been into force from January 1, 2017. This is a five-year settlement arrived at in the port sector against the ten-year periodicity in many of the major public sector enterprises.

    Asian Games 2018: Latest updates

    Important Current Affairs of August 2018

     

    Video: Check out the latest current affairs of this week

    Read More Current Affairs

    Is this article important for exams ? Yes

    DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

    Newsletter Signup

    Copyright 2018 Jagran Prakashan Limited.
    This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK