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Vineet Jain tweets in support of HT shutting down six editions while BUJ seeks revocation of HT decision

Vineet Jain tweets in support of HT shutting down six editions while BUJ seeks revocation of HT decision

Author | exchange4media News Service | Monday, Jan 09,2017 9:44 AM

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Vineet Jain tweets in support of HT shutting down six editions while BUJ seeks revocation of HT decision

Amidst all the controversy regarding HT Media’s decision to shut down six editions of Hindustan Times (HT) at Bhopal, Indore, Ranchi, Kanpur, Allahabad and Varanasi with effect from today, Times of India’s MD, Vineet Jain tweeted in support of HT.

https://twitter.com/vineetjaintimes/status/817397482984534016

 

 

The Brihanmumbai Union of Journalists (BUJ) has strongly condemned HT’s decision. According to a statement by BUJ, “The closing down of six editions has clearly been done to circumvent the implementation of the Majithia Wage Board Award which was upheld by the Supreme Court by its judgment dated February 7, 2014.”

“Apart from closing down six editions, HT Media Ltd is also illegally “pruning” staff in various departments as well as in The Mint, a sister publication from the Group and has shut down the business bureaus in Mumbai and Delhi, besides the bureau in Kolkata. Hundreds of journalists are likely to lose their jobs as a consequence of these malicious and illegal decisions,” read the statement by BUJ.

The BUJ statement further states, “HT Media Ltd, a BSE listed entity, with a yearly turnover of over Rs 2000 crore has not implemented the Award in any of its units and has forced employees to submit undertakings under Clause 20(j) of the Award to renounce the benefits under it. The Company has also failed to implement Clause 9(b) of the Award which entitles even those working on contract basis to receive Variable Pay at the rate of 30 per cent of basic scale. Section 16-A of The Working Journalists and Other Newspaper Employees (Conditions of Service) and Miscellaneous Provisions Act, 1955 (45 of 1955) expressly prohibits a newspaper establishment from dismissing, discharging or retrenching any newspaper employee by reason of its liability for payment of wages under the Award.”

The BUJ statement has also cited HT’s earnings. “It is astonishing that a hugely profitable company like HT Media Ltd (whose third quarter of Calendar 2016 earnings stood at Rs 602.23 crore) has chosen to illegally close down six editions of Hindustan Times and sack several other journalists working in various bureaus rather than implement the Majithia Wage Board Award. Furthermore, the Company’s official website has projected a total revenue of Rs 662.40 crore, in Q1FY2017, which constitutes an increase of 7.5 per cent over the corresponding quarter of the previous year. It also maintains a strong balance sheet position with a net cash of Rs 823.40 crore,” said the BUJ statement.

The BUJ statement has demanded that the management of HT Media should immediately revoke its decisions to shut down six editions and sack journalists in various bureaus, failing which it will draw the attention of the Honorable Supreme Court to these developments in the hearing slated for January 10, 2017.

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