Policy approved for CPSEs’ wage negotiations

The government has said it will not extend any budgetary support for wage increase

GN Bureau | November 23, 2017


#PSU   #wage revision   #workmen   #cabinet  

 The cabinet has approved the wage policy for the 8th round of wage negotiations for workmen in central public sector enterprises (CPSEs).

A PIB release said that the management of the PSUs would be free to negotiate wage revision for workmen where the periodicity of wage settlement has expired on December 12, 2016.
 
The government will not provide any budgetary support for any wage increase and the entire financial burden would be borne by the CPSEs from their own resources.
 
In those CPSEs for which the government has approved restructuring plan, the wage revision will be done as per the provisions of the approved restructuring plan only.
 
The government has said the CPSEs have to ensure that negotiated scales of pay do not exceed the existing scales of pay of executives/officers and non-unionised supervisors.
 

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