Muthoot issue: CITU to continue strike as talks fail; Management threatens to shut more branches
Thiruvananthapuram: The discussions chaired by Minister for Labour T. P. Ramakrishnan in order to resolve the issues in Muthoot Finance failed after the management disagreed to give a temporary wage hike.
Following this, CITU leader Anathalavattom Anandan informed that the labour union will continue the ongoing strike.
The government held discussions with Muthoot Management three times, and all of them failed. A case regarding the minimum wage of the staff in Muthoot Finance is proceeding in the court. Minister T. P. Ramakrishnan suggested to give a temporary wage hike until the case is finalised. But the management refused to accept this and the discussions failed.
The minister later said that the management did not cooperate with the discussions. He also stated that the present salary provided to the staff of Muthoot Finance is insufficient to make ends meet. Meanwhile, the management claimed that they are providing the staff with salary and benefits according to the law and stated that a hike was not possible.
Following this, CITU decided to continue the strike. Muthoot Management also is firm on their stand that if the strike is intensified, 48 more branches of the company in the state will be shut. Minister T. P. Ramakrishnan made it clear that the government is willing to hold discussions again. He added that the issues should be resolved through talks.