June 9, 2017 / 11:23 AM / a month ago

India's Tata Motors reaches wage deal with Sanand plant union

1 Min Read

June 9 (Reuters) - India's Tata Motors Ltd reached a long-term wage settlement with workers at Sanand plant in the western state of Gujarat.

The settlement includes a total wage package of 16,000 rupees ($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 percent 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. ($1 = 64.2675 Indian rupees) (Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Sherry Jacob-Phillips)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below