Ministry
of Heavy Industries & Public Enterprises
Heavy
Industries Minister meets Employees’ Unions of HMT
The Minister for
Heavy Industries and Public Enterprises Shri Praful Patel today met with the
representatives of the employees’ Unions of the Hindustan Machine Tools Limited
(HMT), here today. The Minister for Consumer Affairs, Food and Public Distribution
Prof. K.V. Thomas and the Minister for HUPA and Culture Kumari Selja were also
present on the occasion. The Ministers heard out the grievances of the
employees which related to implementation of pay revision and enhancement in
the retirement age from 58 to 60 years.
The Union representatives were informed that the matter has been
receiving the attention of the Government - because of the non revision of pay,
large scale attribution of employees has taken place specially in core and
critical areas. Further, there has been no induction of new talent because of
the low pay packages. This has also led to an anomaly by which senior officers
were drawing pay less than that of the junior workers. This anomaly can be
removed only through implementation of the 1997 pay revision.
It may be recalled that the HMT group of companies are loss making
and are not able to generate internal resources to bar the cost of pay
revision. Further, as per DPE guidelines, retirement age of employees can be
enhanced from 58 to 60 years only in respect of companies which have been
making profit in the preceding three years.
The Minister assured the employees that the Ministry would provide
full support and build a strong case for the Cabinet approval to 1997 pay
revision as well as to change the DPE guidelines for loss making PSUs to
enhance the retirement age. The Minister also called for assurance from the
Unions for strong commitment to turn around the company.
Source: PIB
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