Deferment of Wage Revision Due to Employer Losses
What the poster actually wants to know is whether the deferment of wage revision is possible on account of losses incurred by the employer over the last consecutive three years. Though it may be a valid reason based on adequate evidence, it is left to the discretion of the employees to accept or reject it forthwith, particularly when there is no provision for V.D.A linked to any cost of living index. The employees can advance a counter-argument that they are in no way responsible for business losses since effective management is the responsibility of the employer.
In such a precarious situation, instead of outright deferment, the employer should come forward with some acceptable alternatives like the grant of interim relief, etc.