Nagpur : 16 November, 2021
In a major development, tripartite settlement for wage revision of MOIL workers was signed between management of MOIL and the representatives of the recognized union, in presence of Chief Labour Commissioner, Government of India, in a high level function organized at Shram Shakti Bhawan, New Delhi on 16th November, 2021.
This wage revision is for 10 years’ duration w.e.f 01.08.2017 up to 31.07.2027, benefitting close to 6,000 company employees. It is based on an MOU arrived at between management and recognized union of MOIL i.e. MOIL Kamgar Sanghatan (MKS). The proposal 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.
The company will be making the arrears 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 total 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.
The agreement also specifies that the settlement will be implemented within 60 days of signing of the same.
Various dignitaries were present in the meeting, including Shri DPS Negi, CLC(C), Shri SC Joshi, Additional CLC (C), Shri Remis Tiru, Dy CLC (C), Shri Ankur Dalal, RLC (C). From MOIL side Shri Mukund P. Chaudhari, CMD, Shri Rakesh Tumane, Director (Finance), Smt. Usha Singh, Director (Human Resources), Shri PVV Patnaik, Director (Commercial) & I/c. Director (Production & Planning) and other senior officials were also present. The recognized union was represented by Shri Ramawatar Dewangan, Secretary General, MKS, Shri Mukunda Jambhulkar, Vice-president MKS and his other office bearers were present.
This agreement ushers a new era of growth and prosperity for MOIL and its employees. It will certainly motivate the employees to work towards higher production and productivity, resulting in achieving the goal of ‘Aatmanirbhar Bharat’ and serving national interest of import substitution.
About MOIL: MOIL Limited is a Schedule-A, Miniratna Category-I CPSE under the administrative control of Ministry of Steel, Government of India. 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 ~34% of manganese ore reserves of the country and is contributing ~ 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.