58,000 employees of general insurance PSUs on strike to demand pay revision

New Delhi: About 58,000 employees in the government-owned general insurance and reinsurance companies are on strike on Friday, demanding wage revision, said a top official of the Joint Forum of Trade Unions and Associations (JFTU).

"With wage settlement pending for the past five years, about 58,000 employees in the government-owned four general insurance and reinsurance companies are striking work on Friday," Girish Khurana National Convener told IANS.

"The wage revision is pending since August 1, 2017. We have been regularly taking this up with the Department of Financial Services (DFS) and the management of the public sector general insurance companies for early wage revision and other aspects," Khurana added.

The companies are — The Oriental Insurance Company Limited, National Insurance Company Limited, the New India Assurance Company Limited, United India Insurance Company Limited and General Insurance Corporation of India (GIC Re).

(With agency inputs)

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)