Port workers' 10.6% wage hike to cost government Rs 560 crore a year
Updated : August 30, 2018 03:06 PM IST
Under the agreement, signed between worker unions and the management in presence of Union minister Nitin Gadkari here, workers and pensioners will get a 10.6 percent 'fitment' on basic pay and dearness allowance for a five year period starting 2017.
The last hike was of 10.5 percent, but this is the first time that the negotiations have happened in a cordial way where the workers have not resorted to any industrial action to press for their demands, Mumbai Port Trust chairman Sanjay Bhatia said.
Pointing out to a limited budget provision of Rs 800 crore for the ministry, Gadkari said additional resource mobilisation by the ports is the key.