Bhubaneswar:The negotiation for the 6th Long Term Wage Settlement for over 5000 Nalco employees across the country started at the company’s corporate head office, here on Monday. The Nalco CMD TK Chand  inaugurated the negotiation urging the recognised unions and management to complete the process within one month.

The launch ceremony will set into motion the process of wage settlement for its employees, including revision of scale of pay, HRA, Incentive and other benefits.

Appreciating the hard work of employees, the CMD said, “ This decision to roll out the 6th Long Term Wage Settlement will have a positive impact on the morale of the employees and go a long way in further improving the business culture of the organisation.’’

Nalco is one of the few PSUs in the mining and metal sector in the country which has taken the lead in taking concrete steps for initiating the process of the 6th Long Term Wage Negotiation as per the guidelines of the government of India.

Members of five recognised Unions – Nalco Mines Employees Union (Mines, Damanjodi), Nalco Employees Union (Alumina Refinery, Damanjodi), Nalco Shramik Congress Union (CPP, Angul), Aluminium Mazdoor Sangh (Smelter Plant, Angul) and Nalco Employees Forum (representing the corporate and regional offices) are participating in the negotiation. ed in the ceremony and committed to positively contribute towards organisational growth and excellence. Nalco’s director (production) V Balasubramanyam, director (HR)Basant Kumar Thakur, director (finance) Sridhar Patra and senior executives representing the company in the negotiation.