Govt rejects demand for higher wages by oil PSU execs

Written by Agencies | New Delhi | Updated: Dec 30 2008, 22:14pm hrs
The Government has rejected the demand for higher wages made by oil PSU executives stating that a strike threat cannot be held out to extract more after a good increment has already been approved.

Oil Sector Officers Association, which clims representing about 55,000 executives in the 14 state-owned oil firms, has called an indefinite strike from January 7 against "minuscule" hike in wages, a claim that has been contested by both the petroleum and public enterprises ministries.

"PSUs have been given the maximum benefit...(there is) no scope for revision," Minister of Heavy Industries and Public Enterprises Sontosh Mohan Dev said in New Delhi.

Higher profits of some companies, like the ones in oil sector, does not entitle its employees of higher wages, he said.

OSOA feels its officers have been given a 17 per cent hike but Oil Ministry contested it saying the union was calculating the increase in wages after an interim relief given in mid-2008 was merged with the salary.

The hike over the wages drawn before January 1, 2007--the date from which the new wages would come into effect is 55 to 149 per cent.

"Because I am making more profit, I must get more (attitude is not acceptable)," Dev said. "You have been paid accordingly to a certain formula (according to which) you got the maximum. Why are you (now) trying to brow beat us. We would not get into it."

Petroleum Secretary R S Pandey said genuine demands and anomalies if any would be addressed at appropriate levels.

"But the strike threat has to be withdrawn."