There is good news for the employees. Actually his salary will see an increase of 6 percent. The same pay revision will be implemented from 1 December 2019. The amount will be paid in two installments.
Employees Salary Hike: There is good news for the employees. In fact, there will be an increase of six percent in his salary. Along with this, others who have completed the service period will get the benefit of additional increment of 3%. For this, 12th pay revision talks were held. In which the talks with this agreement have been successful.
6% increment benefit to employees
In Chennai, Power Minister B Senthil Balaji said that the 12th wage revision talks have been successful during his meeting with TANGEDCO trade union representatives. The employees will be given the benefit of 6% increment.
Along with this, all those who have completed 10 years of service will get the benefit of additional 3% pay. An agreement has been reached for this. Rajesh Lakhani has clarified that the 12 wage settlement will be applicable from 1 December 2019. The previous AIADMK government has been blamed for the delay in the wage revision.
663 crore additional burden
TANGEDCO CMD Rajesh Lakhani accompanied by the minister after a 4-hour long meeting with the trade union said that TANGEDCO will have to bear an additional burden of Rs 663 crore for wage revision and payment of dues.
They will get additional benefits
Giving information, it has been told that all the trade unions have agreed on 6% increment from December 1, 2019. Those who have completed 10 years of service at the end of the last wage settlement will get an additional 3% hike. The arrears will be paid to them in two instalments.
Those who complete a total of 10 years of service will be given the benefit of 9% increment. Along with this it will benefit more than 75000 employees. About 66548 employees of service weightage are to be benefitted by this.
