Tata Motors reaches wage deal with Sanand plant union

By: Reuters
Updated on: 10 Jun 2017, 16:24 PM

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The agreement introduced a performance-linked payment accounted as 10% of the worker’s total salary, Tata Motors said in a statement.

Tata Motors Worker Union members with Sanand plant head Neeraj Agarwal and HR head Vivek Bindra, at the signing of the LTS agreement for Sanand for a period of 5 years.

Tata Motors Ltd reached a long-term wage settlement with workers at Sanand plant in Gujarat.

The settlement includes a total wage package of ₹16,000 ($248.96) per worker, excluding the salary, to be paid uniformly over the five-year term of the agreement, a company spokesperson told Reuters.

The agreement introduced a performance-linked payment accounted as 10% of the worker's total salary, Tata Motors said in a statement.

The settlement, which spans from October 2015 to September 2020, includes an annual bonus based on performance for all permanent workers at the plant.

First Published Date: 09 Jun 2017, 19:30 PM IST