meeting for PLI

Meeting of the Joint Committee, for finalising new PLI formula, held today.

The first meeting of the Joint Committee,  for finalising the New PLI Formula, was held today the 09-12-2013. The Staff Side was represented by com.P.Abhimanyu, Secretary, Staff Side and com.Islam Ahmed, Leader Staff Side. The Management Side was represented by the GM (Estt.), GM (SR), GM(Restg.) and GM (EF). Staff Side representatives strongly argued that PLI should not be linked with the profitability of the Company. Management Side said that PLI should be based on performance. They said that the "GPMS"  (Group Performance Management System) can be the basis for payment of PLI. However,  the Staff Side pointed out the flaws existing in the GPMS. For example, Kerala, which is the number one profit making circle, has secured lesser score than Chhattisgarh circle in GPMS. Finally,  the Staff Side said that it wanted to fully study GPMS. In this regard, Management also agreed to give a presentation. The next meeting of the Committee will be held in January, 2014.