Nalco CMD launches 6th Long Term Wage Settlement for employees

Bhubaneswar: In a significant step towards benefitting more than 5000 employees across the country, Nalco MD Tapan Kumar Chand on Monday inaugurated the 6th Long Term Wage Negotiation at its corporate office in Bhubaneswar.

The launch ceremony will set into motion the process of wage settlement for its employees, including revision of scale of pay, HRA, Incentive and other benefits.  Unlike in the past, Chand has given a clarion call to the recognised unions and the management to complete the process of negotiation for wage settlement within one month.

Appreciating the hard work of employees, Chand said, “The employees have played a key role in helping Nalco reach where it is today. It is their commitment that will help Nalco turn its dream of becoming a Maharatna Company from Navratna Company, into a reality.

This decision to roll out the 6th Long Term Wage Settlement will have a positive impact on the morale of the employees and go a long way in further improving the business culture of the organisation.’’

It may be mentioned that NALCO is one of the few PSUs in the mining and metal sector in the country which has taken the lead in taking concrete steps for initiating the process of the 6th Long Term Wage Negotiation as per the guidelines of the Government of India.

Members of five recognised unions – NALCO Mines Employees Union (Mines, Damanjodi), NALCO Employees Union (Alumina Refinery, Damanjodi), NALCO Shramik Congress Union (CPP, Angul), Aluminium Mazdoor Sangh (Smelter Plant, Angul) & NALCO Employees Forum (representing the Corporate and Regional offices) participated in the ceremony and committed to positively contribute towards organisational growth and excellence.

V Balasubramanyam, Director (Production), Basant Kumar Thakur, Director (HR), Sridhar Patra, Director (Finance), and senior executives of the company were present during the meeting.