Dear experts,
Our long term settlement is already overdue by more than 4 years. During the LTS talks with the unions, the management has offered the salary fixation on a Notional Basic which is very low ,rather than on the last drawn basic at the end of the previous settlement. Ours is an oil company which follows DPE guidelines. Other oil companies who have signed their LTS, have salary fixation on the last drawn basic as per the DPE guidelines.
Is the management legally right in insisting on salary fixation on the Notional basic?
