Sterlite starts salary disbursements at Balco

Raipur, May 16: BALCO’s new management, abiding by the May 8 agreement with employees unions, on Wednesday started distributing two months’ salary as advance payment to employees.

“This is the payment against salaries for March and April which will be adjusted as per the final decision of the Supreme Court,” a top manager of Balco said over phone from Korba. Though several of the employees get their salary through the bank, about 1,100 workers take their salary by cash and about 50 per cent of them have taken cash as advance, the manager said.The Supreme Court, on May 1, asked the employees to consider joining duty after the Sterlite said it was willing to pay two months salary in advance but it should be subject to final decision of the court. (PTI)