In the meeting of wage negotiation held today, 17th November 2009, the following understanding has been reached:
1. 30% fitment on pay + 68.8% IDA
2. No periodicity will be mentioned. Next wage revision for non-executives will be along with executives.
3. Increase of fitment on 68.8% to 78.2% IDA both for non-executives and executives simultaneously.
4. 3% annual increment
A great start has been made. The next meeting of the committee will be held on 19th November to discuss pay scales and other issues.
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