|Chennai||Rs. 24970.00 (-0.44%)|
|Mumbai||Rs. 25970.00 (0%)|
|Delhi||Rs. 25350.00 (-0.59%)|
|Kolkata||Rs. 25440.00 (-0.04%)|
|Kerala||Rs. 24900.00 (-0.8%)|
|Bangalore||Rs. 25200.00 (0%)|
|Hyderabad||Rs. 25080.00 (0.12%)|
that ended an eight-day strike at the Los Angeles and Long Beach ports:
—Companies can reduce the number of local clerical positions by no more than one position per company through June 2016, the life of the contract.
—Positions left vacant when clerical workers are on vacation or otherwise absent must be filled in a day. Exceptions are when workers are absent for funerals, medical leave or because of disability. Those absences must be covered after 31 days.
—Workers, who currently make an average base salary of $87,000 a year, will receive salary increases of $1 per year through 2013, with additional hikes unspecified but possible later in the contract. Those increases also are likely to be $1 per year.
—Pension benefits will increase from the current $150 per year of service to $170 per year of service over the life of the contract.
—Health care benefits will be unchanged.
—Employees will receive several thousand dollars in bonus pay because they have worked without a contract since June 2010.
Sources: Union and management representatives.