Home / Knowledge / News / Textiles / Textile workers likely to witness salary hike
Textile workers likely to witness salary hike
03
May '10
An agreement in principle has been signed a couple of days ago between textile associations and trade unions. Workers of the textile industry are expected to receive increased salaries following this agreement.

The agreement consisting of 14 principles, which will be applicable to all companies, ensures salary regulations, extra pay, ways to settle labour disputes and norms for business culture. This has been signed after conducting a two-year survey of textile companies.

As per these regulations, the companies has to pay salaries and other payments 15 to 30 percent higher than the rates stated in the country's labour laws, said a union leader, Truong Van Cam.

He further said that, this regulation will lessen the difference between the salaries of managers and workers, as the people at higher positions earn thousands of dollars and those at lower levels receive an average of VND 1 million (i.e US $52) a month.

As per the cost of living at places where businesses are situated, four salary rates are currently prevailing in the country such as, VND 1.2 million, 1.4 million, 1.6 million and 1.7 million. There should not be a salary chart of more than 15 different salary levels in a particular company, but, according to Cam, a lot of companies were having 30 to 40 different salary levels.

Under the new agreement, companies have to adjust the salary levels of a worker after every one to two years, instead of the earlier period of two to three years.

In addition, Cam informed that, the new agreement will be modified at an interval of six months. About 50 percent of the textile industry workers or 90,266 workers working in 69 companies out of a total of 130 companies have accepted the new regulations.

According to the General Director of Hung Yen Garment Joint-Stock Co., Nguyen Xuan Duong, companies must pay higher salaries if they want to keep going with their competitiveness. Hung Yen Garment Joint-Stock Co. employs 10,000 workers.

Fibre2Fashion News Desk - India


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search