Memorandum of Settlement with RINL-VSP Trade Unions 30-Aug-2016
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A Memorandum of Settlement has been signed between Management of RINL/VSP and Recongnised Union – Visakha Steel Employees Congress(INTUC) before Regional Labour Commissioner(Central), Visakhapatnam on the following :-
Enhancement of stitching charges for stitching Work Dress for Non-Executive employees to Rs. 680/- per annum. Extending monetary benefits under the Employees Family Benefit Scheme to the Non-Executive Trainees. Introduction of meal card for non-executives. Providing suitable plastic folder to all non-executive employees for filing pay slips.Dr. GBS Prasad, Director (Personnel), RINL informed that the RINL Management is always committed to the welfare of its employees even now when company’s financial position is critical. He urged Union members to collectively strive for the progress of the Company.
Sri K V Ramana Rao, ED(W) I/c, Sri Debasish Ray, ED(P & IR), Sri J. Srinivasa Rao, GM(F & A) and other Senior Executives were the signatories on behalf of Management. Sri Mantri Rajasekhar, General Secretary, and Sri G. Venkat Rao, President of Visakha Steel Employees Congress were the signatories on behalf of Recognised Union.