CICU condemns increase in minimum wages

Ludhiana, November 1, 2019: Upkar Singh Ahuja, President and Pankaj Sharma, General Secretary, Chamber of Industrial and Commercial Undertakings (CICU) Ludhiana in a joint statement mentioned that recent increase in minimum wage is not justified, compare to adjoining states like Rajasthan, H.P, Gujarat, Punjab is costliest.

They said it will affect the production cost as Industry is already passing through very pathetic condition due to GST implementation, demonetization, bad conditions of the focal points, no any new investment and increase in minimum wages will also be a burden to the industry.

"Additionally, industry will also cut down number of vacancies in their units to maintain the budget and unemployment ration will increase due to less requirements in industry", they added.

Minimum wages per month: