ONGC’s top management has decided to derecognize the Association of Scientific and Technical Officers (ASTO) with immediate effect for their alleged role in the two-day strike in January.

Also Read   Related Stories News Now - ONGC derecognises employee body - Capacity additions of wind power on declining trend in India - Deep Industries bags Rs 72 cr contract from ONGC - Relaxing controls - SCI, ONGC plan revival of JV for vessel operations - Top 10 firms lose Rs 5,100 cr last week   Also Read   Related Stories News Now - Sensex makes remarkable recovery, regains 17K - L N Mittal doubles his stake in Ophir Energy - Indian handicraft firms to participate in Munich fair - Microsoft eyes Indian smartphone mkt - RIL Hazira unit bags 'Excellent Energy Efficient Unit Award' More

ONGC suffered immensely both in production and esteem due to reckless and very irresponsible illegal strike led by the current leadership of ASTO during January 7-9, said sources close to the development.

An ONGC spokesperson declined to make any comment on the development however a senior official confirmed the development while refusing to give any details.

“Despite the persuasion by management, the ASTO leadership led an agitation which was detrimental to the interest of officers, ONGC and the nation. It (ASTO) breached the law in such a manner that it warranted intervention of National Crisis Management Team. The management has therefore decided to derecognize ASTO with immediate effect,” sources in the know of the development said.

A new Officers Association is likely to be formed which will be constituted on the basis of code of conduct the management has put up in its internal website. The code of conduct among other things has barred the officers to go in for strike or any such movement in future even if the situation so demands.

“ASTO being the only elected body of the technical and non-technical officers, the dismantling means that they will have no representation in any meeting of the management in future. ASTO has been formed right from the inception of ONGC. This has far reaching implications on the pay revision of all the officers that has been pending from 2007 January for which ASTO had gone on strike following the failure of talks with management and ministry,” said a ASTO member.

Other Stories      - Sensex makes remarkable recovery, regains 17K - L N Mittal doubles his stake in Ophir Energy - Indian handicraft firms to participate in Munich fair - Microsoft eyes Indian smartphone mkt - RIL Hazira unit bags 'Excellent Energy Efficient Unit Award' More

Tags : ONGC | ASTO |   Read Business news in  Advertisements   Get financial advisory and solutions for your projects   Holidays starting at a delightful EMI of Rs 3481   Switch on and say hello to Monday morning !   Your dream home can now be a reality.   Visit Fortis for a preventive health check-up & get a 20% discount.   Follow the ups and downs of your investments. Try our new Portfolio Tracker   Kolkata Dock \ Freight contract for the British Gurkhas Nepal   Find how Midsize Businesses use ERP to gain competitive advantage   Trading in Forex is now as easy as 1-2-3   Discover an economical and cost effective way to market your products and services   Giftwithlove.com: Same day delivery of Flowers and Cakes to India   Download the E-book on the Future of Business Intelligence   Learn Best Practices for improving customer satisfaction   Know your customers better... download the free e-book on CRM