Tata Motors signs five-year wage settlement pact with Sanand workers
Tata Motors' manufacturing facility at Sanand was in news for the wrong reasons. Last week, the workforce at the plant decided to boycott the canteen services. This was being done to protest against the lower wages. In addition, the force decided to skip food completely and continue working to demand a raise in the wages.
However, the situation has been brought into control. Tata Motors has signed a long-term wage settlement (LTS) with Tata Motors Sanand Union. The settlement has been signed for five years from October 2015 to September 2020. According to the LTS, a total wage package of Rs 16,000 has been uniformly distributed across five years. The company will be paying the pending amount from 2015 to 2017 together, whereas the remaining amount will be paid accordingly.
Tata Motors has also introduced a performance-linked payment, which is accounted for 10 per cent of total salary and will be linked to productivity, quality and safety. Tata Motors claims that the initiative has been received well by the workmen.
"We have strived to resolve the LTS issue and today are delighted to have resolved the matter for a long term, ensuring our business operations' competitiveness on one hand and taking care of the well-being of our shop-floor colleagues on the other. The Union which has been recently formed, is very supportive in ensuring workmen derive maximum benefits through this wage settlement," said Gajendra Chandel, chief human resource officer, Tata Motors.
Team OD | 19 Feb 2018
- News2018 Kawasaki Z900RS launched in India at Rs 15.3 lakh
- NewsBMW Motorrad cuts motorcycle prices by 10 per cent in India
- Review2018 Ferrari Portofino first drive review
- News2018 Royal Enfield Thunderbird 500X and Thunderbird 350X to be launched in India on February 28, 2018
- NewsKia installs framework of its new manufacturing plant in Andhra Pradesh
- NewsMotoGP: Tech3 and Yamaha to part ways after 2018 season
- Review2018 Yamaha MT-09 first ride review
- NewsSkoda India to hike prices of all models
- NewsDucati launches extended warranty program in India
- News2018 F1: All the Formula 1 cars for the upcoming season launched so far