The Investor Sentiment - Equity and investments forum for Sri Lankans



Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans

The Investor Sentiment - Equity and investments forum for Sri Lankans

Would you like to react to this message? Create an account in a few clicks or log in to continue.
The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting

Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

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 RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree

    The Invisible
    The Invisible


    Posts : 3116
    Join date : 2016-11-28
    Age : 45

    Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree Empty Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree

    Post by The Invisible Tue Mar 17, 2020 3:03 pm

    ECONMYNEXT- Sri Lanka’s regional plantation companies (RPCs) have agreed to pay its labourers a 1,000 rupee daily wage, in return for higher productivity, a Planters’ Association of Ceylon statement said.

    The Planters’ Association of Ceylon, the lobby group for the RPCs, said it met with government and trade union leaders on 17 occasions to reach a deal and is now calling for workers to produce two additional kilogrammes of tea a day or one additional kilo of rubber in return for the wage hike.

    Trade unions have yet to agree on the proposed deal, the Planters’ Association said.

    Plantations and trade unions hold talks on changes to wage structures every two years, but the RPCs were forced to the negotiation table a year earlier on a presidential directive in January to pay a 1,000 rupee minimum wage from March 01, up from the existing 855 rupees.

    The Planters’ Association said alternative revenue-sharing or outgrower models which have been piloted have shown workers could earn 40,000-80,000 rupees a month as entrepreneurs who partner with RPCs, compared to the current 21,375 rupees or the proposed 25,000 rupees.

    In such alternative pilot projects, workers have plucked 30-35 kilogrammes daily, compared to the historical average of 18 kilogrammes under normal wage agreements, Planters’ Association Spokesperson Roshan Rajadurai said.

    In low-country smallholder estates, 30 kilogrammes of tea is plucked daily, while in a ‘Best Tea Plucker’ competition held recently, the winner plucked 19.4 kilogrammes in one hour, he said.

    The daily plucking average in Kenya is 60 kilogrammes, while in South India it is 50 kilogrammes and in Assam 36 kilogrammes he said.

    External conditions are currently not conducive for tea-producing in Sri Lanka, with low prices at the tea auction in Colombo due to weak demand and high costs of production, Rajadurei said.

    Weak oil prices and the coronavirus impact on the global economy is pushing demand for tea down in major markets in the Middle East and Russia, he said.

    “Despite this, trade unions insist on sticking to such archaic wage models as the daily wage system which are rooted in a colonial past and best suited to the 1800s,” he said.

    “This is an absurd position that does nothing for the workers themselves.”

    “As managers, we would like nothing better than to simply give 1,000 rupees a day or more, but given the fact that we are selling a product at a lower price than we are producing it, how could such a path possibly be sustained without throwing the entire industry, and the nation into further debt?”

    “We are all experienced professionals who are legally bound to make decisions that will not result in our companies going into bankruptcy.”

    Rajadurai said the RPCs are asking for a marginal increase in productivity for the higher wage, but trade unions “are adamant that they want something for nothing, even if it collapses the industry.”

    He said given the impasse, RPCs are confident the government will intervene.

    Plantations Industry Minister Romesh Pathirana has said that the Treasury would intervene if the two parties are unable to reach a compromise. (Colombo/Mar16/2020)

      Current date/time is Mon Oct 07, 2024 5:38 pm