New Delhi, Nov 22: The Union Government on Wednesday gave its approval to Central Public Sector
Enterprises (CPSEs) to negotiate wage revision with their employees.
Addressing the presspersons here, Finance
Minister Arun Jaitley said, “The management of the CPSEs would be free to
negotiate wage revision for workmen where the periodicity of wage settlement of
five years or ten years has expired generally on December 31, 2016 keeping in
view of affordability and financial sustainability of such wage revision for
the CPSEs concerned.” The government will not extend any budgetary
support and entire financial implication will be borne by the respective CPSEs
from their internal resources. Under the wage policy for the 8th round of
negotiations for workmen in CPSEs, the management will have to ensure that
negotiated scales of pay do not exceed the existing scales of pay of
executives/officers and non-unionised supervisors of respective CPSEs. In the case of five year periodicity, the scales
of pay for two successive wages negotiations do not exceed the existing scales
of pay of executive/officers and non-unionised supervisors of respective CPSEs
for whom 10 years periodicity is followed. In order to avoid conflict of pay scales of
executive/non-unionised supervisors, the CPSEs may consider adoption of graded
dearness allowances neutralization or graded fitment during the wage
negotiations. UNI
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