Best Performance by Public Sector General Insurance Cos. – CONGRATS!
The four PS General Insurance Cos. have procured a gross premium of Rs.18,222.44 Cr. in the 11-month period of the current fiscal upto February 2010 recording an average growth of 12.21% over the corresponding period of the previous year. The two top private insurance companies posted a negative growth during this period.
Growth over the corresponding period of previous year (%)
New India 8.85%, United India 19.45%, Oriental 15.76%, National 6.11%, Total Public Sector 12.21%
ICICI (-) 7.77%, Bajaj Allianz (-) 6.73%, Tata AIG 0.07%
GIPSA / Mgt. Still Indifferent – Refuses to Talk to the Unions
In Public Sector General Insurance, the wage talks are still at the level of GMs(P) of the Cos. with their insistence on 17.5% (with mgt. Agenda). It seems that any amount of persuasion, logic and justification for a better wage deal would not work when the mgt. decides to remain indifferent. The CMDs of Cos. seem to feel that it is not their responsibility to find a satisfactory solution to the wage demand of the employees and officers in consonance with growth, productivity and competitive environment. The mechanism of GIPSA is allowed to bully the employees; the CE sent a letter to the Trade Unions dated 05.02.2010 asking the consent of the Unions to the retrograde offer of mgt; a sort of message is sent out to the Unions that the mgt. would proceed unilaterally. The Unions’ protests notwithstanding, the mgt. remains adamant and indulges in act of dividing the employees stating that some of the Unions have consented and appreciated their offer of 17.5%.
To break the silence of the management, to press for early resumption of talks with a better offer sans conditions and to secure a respectable wage package and pension option, the Unions and Associations of employees and officers have called upon the employees and officers to observe two-hour walkout strike preceding lunch recess on March 31. 2010. The joint strike notice has been issued by the unions and SC/ST Welfare Associations besides issuance of individual union-wise notices.
The four Unions of Confed (NICOA, NIAOA, OICOA & UIIOA), AIIEA, AIGIFWA and the three SC/ST Welfare Organisations (AIGISC/STWA, AIGISC/ST Parishad and AISC/STGIWA) have already issued a joint call. Appeal is made to the other organisations to join the movement in the larger interest of employees and officers.
The Joint Communique dt. 22.03.2010 is sent herein. All our units are advised to coordinate with the unions and Welfare organisations to chalk out appropriate local programmes for the successful observance of the call. The programme includes lunch hour demos on March 30, April 5 and 12 subject to local convenience. The Unions/Associations have decided to intensify the agitation if the mgt. allows the stalemate to continue.
After rejecting the offer of 17.5%, AIIEA and other Unions in LIC launched series of programmes of agitation, which included walkout strike and one day strike to press for a better deal. In the background of further call of the unions in LIC for withdrawal of extra cooperation and one day strike on March 31, 2010, LIC mgt. invited the Unions for discussion on March 19 & 20, 2010. The Chairman and MD assured the unions of their serious efforts for a satisfactory solution to the wage demand. Following the commitment of the mgt. to workout a satisfactory wage settlement and the appeal made by the Chairman, the Unions in LIC have agreed to suspend their agitation.
New Team for CITU
Com. A.K. Padmanabhan has been elected as President and Com. Tapan Sen as General Secretary of the CITU in the national conference held at Chandigarh during March 16-20, 2010. AIIEA has sent its greetings to the new team of CITU.
ALL THE EMPLOYEES OF PUBLIC SECTOR GENERAL INSURANCE COMPANIES OF INDIA ARE REQUESTED TO PARTICIPATE IN THE
2 HOURS PRE-LUNCH
WALK-OUT STRIKE
ON
31.03.2010
TO ACHIEVE THE FAIR WAGE REVISION WITHOUT ANY CONDITIONALITIES .
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