TWU and Tata Steel ink agreement on implementing World Class
28 May 2016
Tata Steel Management and Tata Workers Union (TWU) today signed an Agreement for implementation of the World Class Maintenance concept in view of company's plan to increase capacity of Jamshedpur Steel works to 11 MTPA.
The Capacity of Jamshedpur Steel Works has been planned to increase to 11 MTPA and in order to cater effectively to the production plans, we need a high order of equipment availability to achieve the targets, a Tata Steel press release said.
Accordingly, the existing maintenance departments/sections are needed to be reorganized on lines of World Class Maintenance (WCM) concept, the release said.
The Maintenance Division, a part of Shared Services Division, will be configured into Area and Field Groups and the employees who are going to retire in next 2 (two) years from the date of this agreement will be allowed to continue to work in their respective departments.
All employees who were on the rolls of the company as on 1.1.2016 and continue to be on the rolls on the date of signing of this agreement will be entitled for benefit on account of this Reorganisation, the release added.
Along with the agreement on World Class Maintenance, a separate agreement on revising the amount to be added in Basic salary on account of Reorganisation/ Rationalization of workforce was also signed with the union, the release added.
Source : business-standard.com