Rediff Logo
Money
Line
Channels: Astrology | Broadband | Chat | Contests | E-cards | Money | Movies | Romance | Search | Weather | Wedding
                 Women
Partner Channels: Auctions | Auto | Bill Pay | Education | Jobs | Lifestyle | TechJobs | Technology | Travel
Line
Home > Money > Business Headlines > Report
November 15, 2000
Feedback  
  Money Matters

 -  Business Special
 -  Business Headlines
 -  Corporate Headlines
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff

    
      



 
 Search the Internet
          Tips

E-Mail this report to a friend

NALCO officers on relay hunger strike

M I Khan in Bhubaneswar

The agitating officers of the NALCO, a mini ratna PSU, launched a relay hunger strike on Tuesday demanding new payscales as recommended by the Justice Mohan Committee.

The officers have threatened to go on indefinite hunger strike from November 17.

"If the Union mines ministry does not pay heed to our demands, we would go on a two-day mass leave on November 20 and 21 which would paralyse the company," a office bearer of the officers' association of the company said. The association is a representative body of about 1,500 officers in company.

A group of officers are sitting on a relay hunger strike in front of NALCO corporate office in Bhubaneswar and the production units at Damanjodi and Angul.

A spokesperson of the officer association said that the power plants, the blast furnace and all the 480 pots at the smelter plant in Angul would be badly affected if the executives go on leave, leading to huge losses for the company.

The general secretary of NALCO corporate officers' association S Samal, meanwhile, said that last month agitation was suspended on October 20 last following assurance by the CMD of the company that the matter would be settled by November 12.

"Thereafter no development has taken place. So we have started our agitation again," association member said.

The agitating officers of the NALCO said that the pay scales of the executives are due for revision from January 1997.

Money

Business News

Tell us what you think of this report