COCHIN REFINERIES EMPLOYEES ASSOCIATIO

N
Reg.No.120/67, Ambaam!ga, "o#$% & 6'2 (02
Affiliated to I N T U C
CREA/101/06/2014
13.06.2014

The Director (HR)
Bharat Petroleum Corporation Limited
Bharat Bhavan, Ballard Estate
4 & , Currim!ho" Road
#um!ai $ 4%% %%&

Dear Sir,

'!(ection a)ainst unilateral introduction o* ne+ P,- Polic"

This letter is to express our deep cocer o!er the totalitaria attitude o" the
#aa$e#et i itroduci$ e% policies i the Corporatio %ith a !ie% to
curtail the &ee"its e'o(ed &( the %or)#e "ro# the iceptio o" this
co#pa(. This attitude o" the #aa$e#et has a""ected the #orale o" the
%or)#e ad the cordial %or) at#osphere pre!aili$ i this or$ai*atio.

+t is u"air o the part o" #aa$e#et i i#ple#eti$ the e% ,+S polic( "or
%or)#e i -,C./ 0R ad discotiui$ the existi$ ,+S polic( %hich %as
"or#ulated 'oitl( &( the 1ios ad #aa$e#et i the erst%hile Cochi
Re"ieries .td i lie %ith the ,+S sche#e i +2C.. 3e are re$isteri$ our
stro$ protest a$aist the purpose"ul a!oidi$ o" trade uios &( the
#aa$e#et o" -,C. %hile "or#ulati$ e% policies that are ad!ersel(
a""ecti$ the %or)#e. 3hereas, the sa#e #aa$e#et is ot distur&i$ a(
o" the &ee"its e'o(ed &( the o""icers i this or$ai*atio.

The "ollo%i$ "acts %ill pro!e that (our preset actios are u'ust ad &iased4

a5 The %or)#e i 0ochi Re"ier( %ere ha!i$ a polic( %hich esures a a#out e6ual to 178 o" their -asic 9 DA as ,+S
%hich #a( !ar( o the &asis o" the (earl( per"or#ace o" the co#pa(.

&5 As per the D,E $uidelies 2: ;o.2 <=05/0>/D,E <3C5/?./@A+/0> dated 26
th
;o!e#&er 200>, all o""icers %ill $et
,er"or#ace Related ,a( <,R,5 as pro"it share &ased o their Re!ised -asic ,a(. This a#out !aries "ro# 408 to 2008 o"
the revised !asic pa" o" o""icers "ro# ?rade A to CB:D. ;o% a"ter the #odi"icatio o" the ,+S sche#e, the #aa$e#et is
o""eri$ ol( 208 o" the re!ised &asic pa( as ,+S to %or)#e. The a&o!e polic( cha$e %as either #etioed i the .TS
si$ed o 30.07.2013 or %as a( authorit( $i!e to the :aa$e#et to #odi"( the ,+S sche#e uilaterall(.

+t is e!idet that %hile all the #aa$e#et sta"" is %ell protected uder the directi!es o" the D,E, the %or)#e ha!e &eco#e
the scape$oat o" the #aa$e#et. +t is rather iroical that the #aa$e#et had pro#ised i all the &i/lateral .TS #eeti$s
%ith the uios that all the &ee"its that are exteded to the do%strea# co#paies i the petroleu# sector %ill &e exteded
here also. Also the the Chair#a o" -,C., :r. R.0. Si$h had ta)e +2C as a role #odel throu$hout all the discussios ad
had assured us that %hate!er &ee"its exteded i +2C %ill &e exteded to -,C. %or)#e also.

,t is pertinent to note that even a*ter implementation o* LT- in ,'CL the"
have not chan)ed an" o* the !ene*its en(o"ed !" their +or.men !e*ore
the LT-/ Their P,- polic" ensures the +or.men to en(o" an amount
e0ual to &12 o* their Revised Basic 3 D4 +hich ma" var" accordin) to
the "earl" per*ormance o* the compan"/

Cou #a( &e %ell a%are that the recet %a$e re!isio i the etire petroleu#
sector "or o""icers ad %or)#e %as doe as per the directi!es o" D,E.
Dece, the i#ple#etatio o" a( e% sche#es/policies should also &e
ui"or# "or the o""icers ad %or)#e i this or$ai*atio.

c5 Cou #a( also ote that the date o" si$i$ o" .TS i 0ochi Re"ier( %as o 30.07.2013. Do%e!er, the #aa$e#et has
cha$ed the ,+S polic( "ro# the "iacial (ear &e$ii$ April 2012 to :arch 2013 retrospecti!el( &e"ore the date o" si$i$
o" the .TS. Such uilateral polic( cha$es are hi$hl( o&'ectioa&le. +stead, the #aa$e#et ca propose a( cha$e i
cosultatio %ith the reco$i*ed Trade 1ios i the co#pa(, o&tai their cosesus, ad the execute it %ith prospecti!e
e""ect. + cotrar( to this, the :aa$e#et has i#posed a urealistic ,+S polic(.

+ !ie% o" the a&o!e, (our ur$et iter!etio is eeded to #a)e a cordial
at#osphere i this or$ai*atio. Cou #a( please direct the cocered
depart#et to pa( the ,+S a#out o the &asis o" the earlier practice util a
e% polic( is "or#ulated ad that too %ith the cosesus o" the reco$i*ed
trade uios i this or$ai*atio.

3e expect (our sicere approach i this #atter.

Tha)i$ (ou,

Aer( trul( (ours,
Eor Cochin Re*ineries Emplo"ees5 4ssociation




P/6/ -urendran 6air
7eneral -ecretar"

Cc 8 C#D

8 4ll Directors

8 ED (9R)

8 4ll 7#s & D7#s o* BPCL: 9R