From Our Special Correspondent

Daijiworld Media Network - Bengaluru

Bengaluru, Dec 11: The wage dispute of the workforce of defence public sector undertaking, Hindustan Aeronautics Ltd (HAL), which led to a nation-wide strike at all the establishments of the company over revision of pay scales and allowances and finally the intervention of the Karnataka High Court to direct the workers to end their strike, has now been finally resolved.

The HAL management and its workforce have entered into an agreement to settle the wage revision.

A Memorandum of Understanding (MoU) was signed at HAL Corporate Office in Bengaluru on Tuesday between the HAL management and the office-bearers of the HAL Trade Unions.

The MoU envisages revision of wage structure with effect from January 1, 2017, productivity improvement and other related matters.

As part of the wage revision, the HAL management has offered fitment benefit @ 12% and perks and allowances under cafeteria system (@ 25% for workmen in scale 1 to 10 and @ 22% for workmen in special scale) of the revised Basic Pay effective from January 1, 2017, besides other benefits.

Upon ratification by the Board of Directors of HAL, a tripartite settlement before the labour authorities will be executed at different locations of the company prior to notification of the revised wage structure, said an official press release.