Home / Knowledge / News / Textiles / Higher compensation for Raymond's Thane mill workers
Higher compensation for Raymond's Thane mill workers
17
Aug '10
There seems to be a probable chance that workers of Raymond's mill in Thane may be provided with compensation at a higher rate, as the company has proposed to review the prior proposal. The mill has shut down for over six months as the company intends to utilize its 126 acres plot for realty development.

The company is intending to utilise its mill plot for realty development, and till a short time ago was unbending with regards to the compensation package offered by it earlier.

The company offered to pay Rs 1.6 billion to its 1,885 workers, those engaged in the mill by way of compensation, but the workers' unions have been clamouring for a compensation of Rs 3.28 billion. The company was then directed by Maharashtra government to offer a feasible sum to the workers. As also the government has cautioned the company that if it fails to do so then it might be nationalized.

Resultantly, the company has undertaken to review its compensation package. But then this could turn out only after the Thane Municipal Corporation provides added floor space index (FSI) for re-establishment of several slums positioned on a part of the company's 126 acres plot.

The Thane Mayor too has summoned a meeting on August 17 to sort out the matter. Amongst those who will attend the meeting include, the State Labour Department, Company management and workers' unions.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Sanjukta Dutta
Sanjukta's Studio

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search