Shipping Ministry has signed a new wage agreement benefiting one lakh 35 thousand port and dock workers and pensioners. The agreement was signed by Shipping Ministry, port officials and workers federation in Mumbai yesterday.
The new pact will provide 10.6 per cent wage hike to workers and pensioners. The wage settlement covers Group C and D employees benefiting at least 32,000 workers and 1 lakh pensioners in 12 major ports across the country.
The workers and pensioners will get this benefit for a period of five-years, beginning January 2017. The total financial implication of the settlement for all the major ports for serving and pensioners is likely to be about 560 crore rupees per annum.