BL reported that Mr PK Bishnoi CMD of Rashtriya Ispat Nigam Ltd, the corporate entity of Visakhapatnam Steel Plant, appealed to the employees of VSP and Visakhapatnam Steel Workers’ Union not to go on strike on November 4.
Responding to the notice for strike while it was being served by the recognized union, he stated that the world and Indian economy was just recovering from global meltdown and recession and it would be a retrograde step to go on strike at this juncture.
Mr. Bishnoi also emphasized to the union leaders that the strike by workers would send wrong signals and dampen motivation of the expansion activities, particularly when 6.3 million tonne expansion project is in full swing with most of INR 12,000 crores already committed.
He said that “VSP is progressing better than some of the other brown field expansion units. Any delay due to strike would escalate the cost and delay further the commissioning of these expansion units. This would be detrimental to the financial health of the VSP, which needed to generate huge investing funds for further expansion as well.”
He added that “The year 2009-10 has been considered for VSP as Year of Production and any setback due to strike would have direct and indirect negative impact.”
The wage revision talks for employees of Visakhapatnam Steel Plant by the National Joint Committee for Steel held in New Delhi remained inconclusive on Wednesday. There could not be any consensus over DA merger due to differences among the central trade unions.
(Sourced from http://www.steelguru.com/news/index/2009/10/23/MTE3MTUw/RNL_CMD_appeals_to_workers_to_abstain_from_strike.html)
Thursday, October 22, 2009
RNL CMD appeals to workers to abstain from strike
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