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

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
January 2017

January 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