Labour ministry resolves industrial dispute in Bihar; over 10,000 employees to benefit

The Labour Ministry on Tuesday said it has resolved two industrial disputes between Bihar Gramin Bank management and employees’ organisations, securing financial benefits of Rs 77.69 crore for over 10,900 employees, including recurring annual bene...

Agencies
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The ministry of labour and employment, on Tuesday, said it has amicably resolved two industrial disputes involving the management of Bihar Gramin Bank and its employees’ organisations, resulting in financial benefits of Rs 77.69 crore to over 10,900 employees of Bihar Gramin Bank, including recurring annual benefits of approximately Rs 9.02 crore.

The first settlement, addressing demands like payment of performance linked incentive (PLI), officiating allowances, wage enhancement, enhancement of travel allowances, promotions and compassionate appointments, is expected to benefit around 8,400 employees, with financial benefits amounting to Rs 67.17 crore, it said.

The second settlement is expected to benefit around 2,500 employees, with financial benefits amounting to approximately Rs 10.52 crore, including recurring annual benefits of approximately Rs 9.02 crore.


“This settlement addresses key demands relating to the effective implementation of the 12th bipartite settlement, enhancement of house rent allowance (HRA), increase in transport allowance for Divyang employees, payment of overtime, transparency in promotion processes and the formation of a Negotiating Council,” it added.

Both settlements were facilitated through constructive dialogue and the active participation and cooperation of the employees’ organisations and the bank management, helping resolve the disputes amicably and strengthen industrial harmony, the ministry said adding it reflects the Centre’s commitment towards safeguarding employees’ interests, promoting fair labour practices and fostering harmonious industrial relations through effective conciliation and constructive dialogue.
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Business News › News › India › Labour ministry resolves industrial dispute in Bihar; over 10,000 employees to benefit
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