Muthoot strike comes to end; Salary revision to be implemented soon, eight relieved staff will be re-employed

KOCHI: Strike of Muthoot Finance employees that went on for months has ended. The decision was taken after a meeting between the management and employee representatives were conducted under the mediation of a High Court supervisor.

Employee Union leader Elamaram Kareem announced the strike has been brought to an end. As discussed, the salary revision of the employees will be implemented. The eight employees who were relieved will also be re-employed. Also, the suspension of 41 employees will be revoked. As a temporary relief, Rs 500 will be increased in the salary of the employees. The HC will be informed about the decision taken in the meeting.