LIC employees hold demonstrations, demand wage revision

Excelsior Correspondent

LIC employees holding protest demonstration outside DO Cell, Jammu on Wednesday.
LIC employees holding protest demonstration outside DO Cell, Jammu on Wednesday.

JAMMU, June 24: LIC employees lambasted the LIC Management and Government of India for their irresponsive attitude towards their demand of ‘wage revision’ even after a period of three years after the wage revision fell due on August 1, 2012, by holding massive demonstrations in lunch break today in all the 19 offices of LIC of India in the State, as a part of joint call of all classes of employees at All India Level.
The programme at Jammu was held outside DO Cell Jammu and jointly led by Narinder Sharma, Divisional Secretary LIC Class-1 Federation, Dinesh Singh Slathia, NOINO, Pawan Gupta, Divisional Secretary NZIEA Srinagar Division, and Ramesh Kumar of NFIFWI of Class-2.
The leaders said that the Finance Minister while visiting Central Office of LIC at Mumbai appreciates the employees of LIC for their best services to policy holders, and also the LIC Management says the employees of LIC are not only the employees, but they are the ambassadors of ‘the industry’, but when the question of ‘wage revision’ of employees is there, both are not showing any concern. “It is totally unjustified that when the annual wage hike in corporate sector is nearly 12.5%, the LIC Management is offering only 12.5% for a period of five years”, they added.
They further said that it was the public sector in India especially the LIC and GIC of India that had saved the Indian economy from total collapse during financial crisis 2008, and now instead of rewarding the employees, they are being compelled to move on agitational path for their very genuine demands. It was stressed that the Management should come with reasonable offers meeting the aspirations of employees keeping in view the basis of Total Premium Income of the industry.
The employees strongly and very clearly rejected linking of any conditionality with the ‘wage revision’. It was unanimously resolved to make the joint programme of agitation a big success with one day strike on July 8. The employees also placed the demand of one more option for pension.

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