Resumption of LIC Wage Negotiations | LIC Wage Revision 2021 Latest News | LIC Wage Revision 2021

LIC Wage Revision 2021 Latest News – LIC Wage Revision 2021

ALL INDIA INSURANCE EMPLOYEES’ ASSOCIATION
LIC BUILDINGS SECRETARIAT ROAD HYDERABAD 500 063

Cir.No.03 / 2021

LIC Wage Revision 2021 Latest News

15th January, 2021

All the Zonal / Divisional / State / Regional Units

Also Read: Proposed Amendments to LIC Act 1956

Also Check Holiday List 2021: LIC Office Holiday List 2021 | LIC Holiday List 2021

Dear Comrade,

We reproduce herein below a letter addressed to Chairman, LIC today by the Joint Front of Unions on the issue of immediate resumption of Wage Negotiations. Please bring it to the notice of all our members.

With Greetings,

Also Read: AIIEA Wage Revision News 2021

Comradely Yours

General Secretary

The Chairman
LIC of India Central Office
Mumbai

January 15, 2021

Dear Sir,

Re: Resumption of Wage Negotiations

The last round of Information Sharing Session was held on 21.12.2020 and an offer of 16% was made. Our organisations while welcoming the improvement in the offer had suggested further enhancement in the offer in tune with the increased productivity of the workforce and profitability of the institution. We had also suggested early convening of discussions with individual unions to carry forward the process of negotiations.

Also Read: LIC Employees-Wage Revision and Improvements in Pension Scheme

However, this process of carrying forward the negotiation has not begun yet. The wage revision which is due from 1.8.2017 is inordinately delayed. In the circumstances, it has become necessary to reach finality on a satisfactory wage revision early. Therefore, we request you to resume the Wage Negotiations without further delay and hold continuous dialogue with the Unions so as to reach a settlement on Wage issue at the earliest and to the satisfaction of all sections of the workforce.

Thanking You,