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Western India Shipyard in 4-yr wage contract with workmen

BS Reporter  |  Mumbai 

Western India Shipyard, a one stop comprehensive ship repair facility on the west coast of India, has entered into a long term wage settlement with its workmen on December 30, 2010 for 4 years granting them a substantial increase in wages, variable dearness allowance (VDA) and other benefits in view of positive improvement in the operations.

With this, the management is assured of industrial peace and harmony; and cordial long term relations in the future, the company said in a filing to the Bombay Stock Exchange (BSE).

First Published: Mon, January 10 2011. 16:54 IST