Mumbai, July 21 (UNI) Over 58,000 employees in the public sector general insurance companies will go on a 2-day strike on July 27-28 to highlight their woes of wage revision and lack of central government support to the industry, top leaders said here on Thursday. The employees and officers belong to the four main public sector general insurance entities across the country – the New India Assurance Co Ltd, (Mumbai), the Oriental Insurance Co Ltd, (New Delhi), the National Insurance Co Ltd, (Kolkata), and the United India Assurance Co Ltd, (Chennai).
The General Insurance Employees Union (Western Zone) Working President Lalit Suvarna said that the last wage revision valid for five years was done in August 2012, and the next wage revision of five years duration is still pending since August 2017 with the validity period ending this month-end. “We have decided to go on the two-day strike to draw the attention of Prime Minister Narendra Modi and the government to call us for talks and finalize the long-delayed wage revision immediately,” Suvarna told media persons here.
GIEU Chairman Udayan Banerjee said that the insurance staffers had gone on a day’s token strike on July 15 to highlight their plight, particularly since the wage revision in public sector banks was completed over two years ago, and the Life Insurance Corporation Ltd. employees also had their wage agreement settled earlier this year.
