The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» "පියසේනට දැං සනීපයි..."
Sri Lanka tea estate wage talks deadlocked EmptyToday at 8:29 am by yellow knife

» What's going to happen
Sri Lanka tea estate wage talks deadlocked EmptyToday at 6:26 am by serene

» Thread for News on CSE and SL Economy
Sri Lanka tea estate wage talks deadlocked EmptyYesterday at 8:22 pm by ruwan326

» Dividend Announcement
Sri Lanka tea estate wage talks deadlocked EmptyYesterday at 4:52 pm by Ethical Trader

» TJL.N0000 (Textured Jersey Lanka PLC.)
Sri Lanka tea estate wage talks deadlocked EmptyYesterday at 11:50 am by serene

» CFVF - First Capital
Sri Lanka tea estate wage talks deadlocked EmptyYesterday at 7:43 am by serene

» විද්‍යාව මිස්ගේ පාඩම...
Sri Lanka tea estate wage talks deadlocked EmptyWed Jul 17, 2019 7:27 am by sanjulanka

» Trading Journal
Sri Lanka tea estate wage talks deadlocked EmptyTue Jul 16, 2019 11:50 pm by pathfinder

» වචන නම් අපේ ඒත් තනුව ?????????
Sri Lanka tea estate wage talks deadlocked EmptyTue Jul 16, 2019 8:08 pm by Rana

» Access Engineering AEL Technical Analysis
Sri Lanka tea estate wage talks deadlocked EmptyMon Jul 15, 2019 3:07 pm by NIRMALSG

» Tourism sector
Sri Lanka tea estate wage talks deadlocked EmptySun Jul 14, 2019 8:57 am by NIRMALSG

» Cricket, meet Capitalism
Sri Lanka tea estate wage talks deadlocked EmptyFri Jul 12, 2019 1:24 pm by කිත්සිරි ද සිල්වා

» LFIN - LB Finance
Sri Lanka tea estate wage talks deadlocked EmptyThu Jul 11, 2019 11:27 am by Ethical Trader

» අපි නොදන්න චෙස් කිව්වලු !
Sri Lanka tea estate wage talks deadlocked EmptyTue Jul 09, 2019 6:25 pm by serene

» Stock Market to stay Bullish
Sri Lanka tea estate wage talks deadlocked EmptyMon Jul 08, 2019 7:51 am by කිත්සිරි ද සිල්වා

» Is an emoji a word or a gesture?
Sri Lanka tea estate wage talks deadlocked EmptyMon Jul 08, 2019 7:46 am by කිත්සිරි ද සිල්වා

»  Rajgama Heroes !
Sri Lanka tea estate wage talks deadlocked EmptyMon Jul 08, 2019 7:39 am by කිත්සිරි ද සිල්වා

» HHL.N0000 ( Hemas Holdings PLC)
Sri Lanka tea estate wage talks deadlocked EmptySun Jul 07, 2019 12:25 pm by dhanurrox

» Checkmate, meatbags !
Sri Lanka tea estate wage talks deadlocked EmptySun Jul 07, 2019 7:20 am by spw19721

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
Sri Lanka tea estate wage talks deadlocked EmptySat Jul 06, 2019 8:13 am by කිත්සිරි ද සිල්වා

» සංචාරක පැමිණීම ක්‍රමයෙන් යහපත් වන ලකුණු
Sri Lanka tea estate wage talks deadlocked EmptyFri Jul 05, 2019 6:11 pm by serene

» SAMP.N0000 (SAMPATH BANK PLC)
Sri Lanka tea estate wage talks deadlocked EmptyThu Jul 04, 2019 8:55 am by serene

» Easter Sunday Attack and Sri Lanka
Sri Lanka tea estate wage talks deadlocked EmptyThu Jul 04, 2019 8:46 am by කිත්සිරි ද සිල්වා

» අනං මනං! #/+?.<>
Sri Lanka tea estate wage talks deadlocked EmptyWed Jul 03, 2019 10:07 pm by ruwan326

» First capital holdings
Sri Lanka tea estate wage talks deadlocked EmptyWed Jul 03, 2019 1:37 pm by serene

» What to Analyse
Sri Lanka tea estate wage talks deadlocked EmptyMon Jul 01, 2019 11:33 am by serene

» අනිසි ලෙස කොටස් මිල හැසිර වූ ආයෝජකයින් දෙදෙනෙකුට සුරැකුම්පත් කොමිසමෙන් නඩු
Sri Lanka tea estate wage talks deadlocked EmptyFri Jun 28, 2019 2:11 pm by Ethical Trader

» අද වෙන්දේසියේ දී බිල්පත් පොළිය පහළට.
Sri Lanka tea estate wage talks deadlocked EmptyFri Jun 28, 2019 7:46 am by serene

» AAIC.N0000
Sri Lanka tea estate wage talks deadlocked EmptyFri Jun 28, 2019 7:33 am by serene

» SERV - The Kingsbury
Sri Lanka tea estate wage talks deadlocked EmptyThu Jun 27, 2019 8:27 pm by ruwan326

» TPL.N0000 (TALAWAKALE PLANTATIONS )
Sri Lanka tea estate wage talks deadlocked EmptyWed Jun 26, 2019 2:22 pm by nuwanmja

» Life After Google
Sri Lanka tea estate wage talks deadlocked EmptyTue Jun 25, 2019 5:28 pm by කිත්සිරි ද සිල්වා

» S&P ශ්‍රී ලංකා 20 දර්ශකයේ වෙනසක්. CTC, NTB, රිචඩ් පීරිස් සහ ටෝක්යෝ සිමෙන්ති ඉවතට
Sri Lanka tea estate wage talks deadlocked EmptyTue Jun 25, 2019 6:37 am by nihal123

» Future of Tea Industry
Sri Lanka tea estate wage talks deadlocked EmptyMon Jun 24, 2019 6:54 pm by hammurabi

» Cricket !
Sri Lanka tea estate wage talks deadlocked EmptyMon Jun 24, 2019 2:22 pm by කිත්සිරි ද සිල්වා

» DIPD.N0000 (Dipped Products)
Sri Lanka tea estate wage talks deadlocked EmptyMon Jun 24, 2019 11:40 am by Ethical Trader

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Sri Lanka tea estate wage talks deadlocked EmptySun Jun 23, 2019 9:14 pm by hammurabi

» මිල සූත්‍රය වැරදුණාද, වැරැද්දුවාද?
Sri Lanka tea estate wage talks deadlocked EmptyFri Jun 21, 2019 5:25 pm by Ethical Trader

» Happy Father's Day !
Sri Lanka tea estate wage talks deadlocked EmptyMon Jun 17, 2019 8:58 pm by spw19721

» DPL.N0000 (Dankotuwa Porcelain PLC)
Sri Lanka tea estate wage talks deadlocked EmptySun Jun 16, 2019 7:12 am by NIRMALSG

» Re: Financial reports Q1-2019
Sri Lanka tea estate wage talks deadlocked EmptyFri Jun 14, 2019 8:57 pm by dhanurrox

» SEYB.N0000 ( SEYLAN BANK PLC )
Sri Lanka tea estate wage talks deadlocked EmptyThu Jun 13, 2019 8:11 pm by ruwan326

» NTB.N0000 (NATIONS TRUST BANK PLC)
Sri Lanka tea estate wage talks deadlocked EmptyThu Jun 13, 2019 8:08 pm by ruwan326

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Sri Lanka tea estate wage talks deadlocked EmptyThu Jun 13, 2019 8:06 pm by ruwan326

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Sri Lanka tea estate wage talks deadlocked EmptyThu Jun 13, 2019 7:58 pm by ruwan326

» HNB.N0000 ( Hatton National Bank PLC)
Sri Lanka tea estate wage talks deadlocked EmptyThu Jun 13, 2019 7:57 pm by ruwan326

» HDFC.N0000 (HOUSING DEVELOPMENT FINANCE CORPORATION BANK OF SRI LANKA)
Sri Lanka tea estate wage talks deadlocked EmptyThu Jun 13, 2019 7:48 pm by ruwan326

» DFCC.N0000 ( DFCC BANK PLC )
Sri Lanka tea estate wage talks deadlocked EmptyThu Jun 13, 2019 7:45 pm by ruwan326

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Sri Lanka tea estate wage talks deadlocked EmptyThu Jun 13, 2019 7:43 pm by ruwan326

» Should CSE be like this? Whose FAULT is it?
Sri Lanka tea estate wage talks deadlocked EmptyWed Jun 12, 2019 5:21 pm by Yin-Yang

July 2019
SunMonTueWedThuFriSat
 123456
78910111213
14151617181920
21222324252627
28293031   

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Sri Lanka tea estate wage talks deadlocked

Go down

Sri Lanka tea estate wage talks deadlocked Empty Sri Lanka tea estate wage talks deadlocked

Post by The Invisible on Fri Oct 26, 2018 10:32 am

ECONOMYNEXT – Talks between Sri Lanka’s regional plantations companies and estate labour unions to raise wages are deadlock with a union demand to double the basic pay unaffordable at a time of low tea and rubber prices, officials said.

The two-year collective agreement between regional plantations companies (RPCs) and unions was to be renewed on 15 October 2018.

But no agreement has been possible despite three months of talks which will be continued, said Sunil Poholiyadde, chairman of The Planters’ Association of Ceylon, representing the RPCs.

“The trade union demand to double basic pay to 1,000 rupees a day is totally unaffordable to the companies,” he told a news conference.

The RPCs, represented at talks by the Employers’ Federation of Ceylon, have proposed raising the basic wage of an estate worker by 20 percent to 600 rupees from 500 rupees.

Under the previous agreement, workers also got an attendance inventive (AI) of 60 rupees, a Productivity Incentive (PI) of 140 rupees and a Price Share Supplement (PSS) of 30 rupees and Employees’ Provident Fund (EPF) and Employees' Trust Fund (ETF) contributions of 75 rupees, amounting to a total daily wage of 805 rupees.

The RPCs have proposed a 33 percent increase in the AI up to 80 rupees, and a 20 percent increase in ETF/EPF up to 90 rupees in addition to the PI and PSS, leading to a maximum total daily wage of 940 rupees.

This amounts to an average increase of 3,375 rupees a month per worker, Poholiyadde said.

Additionally, tea harvesters who are able to bring in harvests above the norm of 16-18 kilos wil continue to be entitled to ‘over-kilo’ pay of 28.75 rupees for every kilo in excess of the plucking norm.

The productivity incentive of 140 rupees a kilo was introduced in the last agreement after a lot of debate with union agreement.

“Currently, there are workers who earn well over 1,000 rupees a day - productive workers,” Poholiyadde said.

“Our pay records reveal over 75 percent of workers are achieving this target and earning the 140 rupees productivity incentive. It means workers can actually achieve this target and earn over 1,000 rupees a day.”

While the plucking norm on estates was around 18-20 kilos a worker, some workers pluck 30 kilos.

The current plucking average in Sri Lanka is 18 kilos with harvesters working for about 40 percent of an eight-hour day in the field and where men typically work for only four hours per day, a PA statement said.

“Even then, more than 80 percent of RPC workers receive the Performance Incentive (PI) on their daily norm. In companies that have offered cash plucking on such a basis, the PA stated that the 15-20 kilo norm was achieved in just two hours.”

By comparison, the plucking average in Sri Lanka’s largest competitor nations, Kenya, stood at 60 kilos, South India at 50 kilos and Assam 36 kilos, where the norms in those nations had been set at 40 kilos, 34 kilos and 24 kilos.

The daily labour wage, in comparative rupee terms, in Kenya stood at 443.3, South India at 487.2 and Assam at 342, against 805 in Sri Lanka in 2016.

Poholiyadde said they introduced a productivity incentive into the wage agreement for the first time in the last agreement since Sri Lanka has to compete on the world market against tea producers with higher productivity and lower wages.

“We believe our productivity has to increase if we were to pay higher wages,” he said. “We compete in the same global market so affordability and productivity become major factors in our wage negotiations.”

Tea prices had slumped to 550 rupees a kilo on average today from 700 rupees a year ago, while that of the second major crop, rubber, had crashed to 250-275 rupees a kilo from 600 rupees a few years ago.

“The basic wage hike of 20 percent is substantial considering the price drop compared to a year ago,” said Roshan Rajadurai, former chairman of the PA. “We proposed a basic wage we can honour at today’s price level.”

The RPCs cannot raise basic wages further at current tea prices as gratuity payments will go up and add to the cost of production, making it unviable, he said.
(COLOMBO, 25 Octber, 2018)
The Invisible
The Invisible

Posts : 895
Join date : 2016-11-28
Age : 39

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum