5 Day Week in LIC: 2nd and 4th Saturdays as Holiday to LIC Employees

5 Day Week in LIC: 2nd and 4th Saturdays as Holiday to LIC Employees

Introduction of 'Five Day Week' in LIC of India

F.No.S-11011/21/2015-Ins.1
Government of India
Ministry of Finance
Department of Financial Service

Jeevan Deep Building, Parliament Street,

New Delhi, Dated 20th April, 2018

To
The Chairman,
Life Insurance Corporation of India,
Central Office,
Yogakeshema Building, J.B.Marg,
Mumbai-400021

Sub: Introduction of 'Five Day Week' in LIC of India

Sir,

I am directed to refer LIC's letter Ref: Per/ER/A/G/2015 on the subject mentioned above and to convey Government’s approval for declaring 2nd and 4th Saturday of every month as holiday in Life Insurance Corporation of India, in line with Public Sector Banks. Copy of notification declaring 2nd and 4th Saturdays as holiday in the Corporation is enclosed for further necessary action.

Yours faithfully,

sd/-

(Mritunjay Singh)

Under Secretary to the Government of India

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LIC Wage Revision : No Strike on 14.10.2015 – Final talks on 16th, 17th October 2015

LIC Wage Revision : No Strike on 14.10.2015 – Final talks on 16th, 17th October 2015

The Joint Forum of Unions in LIC met on 29th of September 2015 at Pune and decided the following programme of action to realise satisfactory wage revision and one more option for pension:

1) Lunch hour demonstrations 6th and 13th October, 2015.
2) ONE DAY STRIKE ON 14th October, 2015.
3) Lunch hour demonstrations on 16th & 18th November, 2015.
4) TWO DAYS strike on 19th and 20th November 2015.

And following the agitation, LIC management has called NOINO and all joint front constituents for final discussion on wage revision. The talks are at Mumbai on 16th & 17th October 2015.

In view of above invitation for talks, it has been decided by all constituent unions in Joint Forum to suspend the current agitational programmes (including strike action on 14th October 2015).

News Courtesy: http://noinocentral.blogspot.in/