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  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success

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2018/12/12

Paralysis pains plantations

Amidst political paralysis in the country, the plantation industry is battling their own crisis over what it described as an “unfair” wage hike demand by unions, who have struck work causing nearly Rs. 2 billion in losses in a week, with more damage to follow if there is no solution.  The unions are on strike, demanding a 100% hike in basic wage to Rs. 1,000 per day, whereas the industry has offered a 20% increase to Rs. 600 per day. The Plantations Association revealed that with attendance and productivity incentives and price share supplement, the daily wage will be Rs. 940 per day, and if 22 kilos are plucked per day, the workers stand to get Rs. 1,055 per day which is higher than unions demand.– Daily Ft



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