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

Courtesy: ITMA 2015

Textiles | On 21st Jun 2018

Italy to host textile machinery fair ITMA in 2023

ITMA, the trendsetting textile and garment technology platform, will...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Interviews View All

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search