LIC Union Demanded for Higher Hike, Calls For Walk Out Strike

The meeting of the Joint Front expressed its unhappiness over the undue delay in settlement of the wage revision issue of the employees. The meeting noted with dismay that it has already been over three years since the wage revision fell due on 01.08.2017. 

The LIC management resumed the negotiations on 30 September 2020 after a gap of almost eighteen months and improved its offer from 10 per cent to 15 per cent. Unions in the Joint Front then had unequivocally told the management that the offer of 15 per cent neither met the aspirations of the employees nor did it match the sterling performance of the LIC. 

The Joint Front, therefore, demanded that LIC should come out with improved offers which can form the basis of further negotiations leading to a final and satisfactory settlement of the issue.

Also Read -  Government Nod Is Still Awaiting For Resuming LIC Wage Talks - GIPSA

Unions has called for Two Hours Walk Out Strike preceding lunch recess on 22 December 2020.

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