At a time when the workers of two car manufacturers are negotiating severance package and wage revision, Hyundai Motors India Ltd has announced the inking of wage agreement with its worker's union.
On Thursday, Hyundai Motor India announced the signing of a wage agreement with United Union of Hyundai Employees (UUHE).
The wage agreement will be effective from 1.4.2021 and valid till 31.3.2024 with handsome wage hike.
"Hyundai Motors is a running company. Ours is on the verge of closing," said a worker at Ford India Pvt Ltd's plant near here.
"The company management seems to be on a stronger wicket as about 1,400 workers have resumed production out of 2,600 workers. About 130 EcoSport models are rolled out daily in a single shift while service parts production is done on double shifts," the senior worker told IANS preferring anonymity.
According to him, there is not much progress in the talks on the severance package.
However, workers have started reporting to duty after (a) agreeing with the severance package (b) not agreeing with the severance package, he added.
Ford India has extended the plant shutdown date till July end. Earlier the company said it would wind up production at its Maraimalainagar plant by June end.
On the other hand, the arbitration proceedings in respect of wage revision for workers of Renault Nissan Automotive India Private Ltd is progressing, said an officer bearer of Renault Nissan India Thozhilalar Sangam (RNITS)/worker's union told IANS.
He said some interim payments have been made by the company to the workers.
(Venkatachari Jagannathan can be reached at v.jagannathan@ians.in)
--IANS
vj/dpb
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app