Mainly, employees of New India Assurance Company Limited(Mumbai), Oriental Insurance Company Limited., (New Delhi), National Insurance Company Limited., (Kolkata), and United India Assurance Company Limited(Chennai) will observe the strike.
Talking about their concerns, Lalit Suvarna, Executive President, General Insurance Employees Union (Western Region), said that the last pay revision (valid for five years) was done in August 2012, and the next pay revision is still pending in August. Pending since 2017. Validity period expiring at the end of this month.
“We have decided to go on a two-day strike to attract the attention of the Prime Minister. Narendra Modi And the government should call us for talks and immediately finalize the long pending wage revision.”
GIEU president Udayan Banerjee said the insurance workers had gone on a one-day symbolic strike on July 15 as the wage revision in state-run banks was completed two years ago, and
The wage settlement of the employees was also finalized earlier this year.
“However, the public sector GICs have been abandoned for so long. The government clearly aims to privatize these companies, force the employees to take VRS and leave,” Banerjee said.
Meanwhile, GIEU secretary Jitendra Ingle said that except
Company Limited, other 3 companies are running in loss due to poor policies of the government.
The federalists also claimed that they had written to the Center and the management of these companies last month urging them to resolve and settle the pending wage revision with LIC, as has been the historical practice, but to no avail.
Later, the government asked the employees’ union to postpone their proposed strike on July 15, but no solution has been found to their problems so far.