Insurance employees to go on strike on 16th

Shimla: Class III and IV of All India Insurance Employees Association( AIIEA) of LIC has decided to go on a daylong strike on September 16, 2009.

Devi Dass, Divisional Secretary of North Zone Insurance Employee’s Association said in a press conference here today that pressing demand for long awaited wage revision by employees and calls of strike has been given in response to national wide call given by AIIEA.

He said that class one officers association would also participate in the strike.

Mr. Dass said that wage cost has declined from 6.02 to 3.19% in the present time as a result the wage revision is due. He said that waste cost has come down due to consistent efforts and support of all section of the work force.

LIC of India has registered 5% growth with collection of Rs 1,57186 crore total premium income till March,31,2009. He said that LIC has settled about 149 lakhs claims to the tunes of Rs 37,893 core during the year 2008-09.

He said that public sector insurance company settled record 99.74 percent LIC claims and invested Rs 5,29,525 crore in government as well as public sectors.

AIIEA condemned UPA government to decline the demand of wage revision refusing to linking it with the profitability of company and share the cost of revision from public exchequer.

He said that biggest public sector company and financial institution of the country with more than 8.73 lakh cores of assets has failed so far to assert its right to settle wage revision to their employees on the basis of their performance and financial strength.

AIEA condemned the unwarranted interference of the union government and dictating terms and conditions on the company management.

In order to condemn the union govt. all India AIEA employees will go on one day strike on 16th Sept.,2009, in which all employees including class one in all the branch offices, Satellite officers, divisional officer would organize joint rallies, dharnas and protest demonstrations through the Himachal Division.

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