The two-day old indefinite strike by employees of Karnataka state transport corporations, which had thrown normal life out of gear, was called off on Saturday after the government hammered out a settlement with them.
State Transport Minister R Ashoka said the strike by the Joint Committee of Trade Unions of State Road Transport Undertakings had been withdrawn with immediate effect following the settlement which would impose an additional burden of Rs 250 crore on the four transport corporations over the next four years.
"Such an agreement was due only in January 2016," he said.
Ashoka said the unions' main demand for merging the Variable Dearness Allowance (VDA) of 76 per cent with the Basic Salary (after the 10 per cent hike) with effect from April 1, 2012, had been accepted.
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