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| LIC employees to observe strike on March 18 | | |  EARLY TIMES REPORT
JAMMU, Mar 15: Continuing their struggle to demand conclusive negotiations on wage revision due since 01-08-2017; and also against IPO in LIC, LIC employees held massive demonstrations today under the banner Joint Front of LIC Class-1 Federation, National Federation of Insurance Field Workers of India and All India Insurance Employees’ Association during lunch recess in offices of LIC of India across Jammu & Kashmir.
The demonstrations were jointly led by Vijay Khajuria- Secretary Class-1 Federation Srinagar Division, Rakesh Magotra- Secretary National Federation of Insurance Field Workers of India Srinagar Division and Com. Pawan Gupta- Secretary Northern Zone Insurance Employees’ Association Srinagar Division.
Speaking on the occasion at D.O Cell Jammu, the leaders demanded immediate negotiations on wage revision of LIC employees resulting to the conclusion of wage revision that has been due since 1st August 2017.
It has been more than three and a half years that employees are devoid of their right. This inordinate delay has caused a lot of resentment among employees.
The LIC employees are demanding a very genuine wage hike of 40% which they deserve seeing to the productivity and paying capacity of the industry. Proposed hike in FDI in insurance sector from 49% to 74% was strongly opposed. Hiking of FDI will result in management control of foreign companies over domestic savings of our people, a great risk on the hard earned money of policyholders.
Strongly opposing IPO in LIC, the leaders said that it is a first step towards privatization.
It was announced that ONE day walkout strike will be observed by LIC employees all over India in support of their demands on March 18. |
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