How wage negotiations in LIC are progressing?

How wage negotiations in LIC are progressing?

A joint meeting of the Unions / Associations in LIC was held on 14^th May 2015 i.e. Thursday at Bengaluru to discuss the issues of wage-revision, one more option for pension and other allied matters. The unions which participated in this meeting were NOINO, Class-I Federation, NFIFWI, AIIEA, Class-III Federation, BVKS, NOIW(BMS) & NOIW. Other unions also joined subsequently.

The meeting unanimously decided to fight unitedly to achieve a decent wage-revision and offer of one more option for pension. It was decided to address a joint letter to the Chairman, LIC on the issues which was written and signed by the participating unions then and there. The unions also released a joint statement on 18.05.2015 requesting all Officers, Development Officers and Employees of the Corporation to participate whole heartedly in the agitational programmes as chalked out by the unions jointly. As per decision, one day strike will be observed in July 2015 preceded by conventional programmes. The actual date of the strike will be decided later on.