Tata Motors reaches wage deal with Sanand plant union

Tata Motors reaches wage deal with Sanand plant union
Tata Motors Passenger Vehicle Business President Mayank Pareek and Head-Marketing Vivek Srivastava at the launch of Tata Motors' "HEXA" in New Delhi. Photo: IANS
Written By: Reuters
Updated: Fri, Jun 09, 2017
05:31 pm
Delhi, Reuters
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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.

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