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Updated: Share Article AAA Various trade unions of Visakhapatnam Steel Plant (VSP) served a strike notice to the VSP management on Tuesday to go on a strike for one day from 6 a.m. on May 6 to 6 a.m. on May 7. Recognised Union president J. Ayodhya Ram appealed to the management to remove the hurdles in the implementation of the wage agreement for steel workers. The strike notice was handed over to the management. He said that steel workers all over the country have decided to observe the nationwide strike on May 6. He sought that the workers should be given 17% MGB (minimum guarantee benefit) as in the last wage agreement. The pandemic situation has resulted in the cost of essential commodities going up steeply. He found fault with the management for delaying wage revision though the last agreement had expired four years ago. ....
Mar 09, 2021, 12:28 IST VISAKHAPATNAM: The Visakhapatnam Steel Plant (VSP) Parirakshana Committee and various other trade union JACs who are protesting against the privatisation of the Steel plant, have further threatened to escalate it over the statement made by the Union Finance Minister Nirmala Sitharaman regarding the privatization of the VSP recently. The Centre on Monday had reiterated its stance that it will go for 100 per cent disinvestment of Government of India’s shares in Visakhapatnam Steel Plant (VSP). Nirmala Sitharaman who was replying to the queries of Vizag MP MVV Satyanarayana and Araku MP Goddeti Madhavi in the Lok Sabha on Monday, said the Cabinet Committee of Economic Affairs accorded approval in January itself for the disinvestment of government shareholding in Rashtriya Ispat Nigam Limited (RINL), the corporate entity of VSP. ....