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Old 26th September 2015, 08:38   #1
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Default 38% salary hike for Maruti employees in new wage deal

Maruti Suzuki India has reached a wage settlement deal with three labour unions of the company.


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The first installment of the wage hike will take effect retrospectively from April 2015 and the agreement will be valid till March 2018. By the third year, the total wage hike will add up to almost 38 percent from the current levels.

Maruti workers will receive 50 percent of the increased component in the first year and 25 percent each in the remaining two years. This means a salary raise of Rs 8,430 a month will be given in the first year and an increment of Rs 4,200, a month in the second and third years. A Maruti Suzuki spokesperson when contacted confirmed that the company had reached an agreement with the labour unions. The employees are expected to get their arrears by the end of this month.

Under the deal, employees, who don't avail of the company's bus service, will get Rs 2,000 every month for seven years if they buy a Maruti vehicle.

"On peaceful completion of the agreement, Maruti Suzuki India CEO Kenichi Ayukawa has also promised to give one-time Rs 3,000 to all workers as token of appreciation," a member of the labour union said.

The wage agreement with workers at its Manesar and Gurgaon plants will see employees getting an average salary increase of around Rs 16,800 spread over three years.

SOURCE: http://auto.economictimes.indiatimes...rcent/49109187

Last edited by a4anurag : 26th September 2015 at 09:13.
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Old 26th September 2015, 15:59   #2
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Default re: 38% salary hike for Maruti employees in new wage deal

Thread moved from the Assembly Line (The "Assembly Line" Forum section) to the Indian Car Scene. Thanks for sharing!
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Old 26th September 2015, 16:29   #3
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Default re: 38% salary hike for Maruti employees in new wage deal

This hike is for the permanent workers. The temporary workers today staged a protest at Manesar demanding a similar hike. What followed was a police lathicharge and a fistfight with the locals at Manesar. It remains to be seen how long the labor unrest continues.

http://www.thehindu.com/news/nationa...?homepage=true

Last edited by sdp1975 : 26th September 2015 at 16:31.
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Old 26th September 2015, 16:48   #4
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Default re: 38% salary hike for Maruti employees in new wage deal

This sounds both good and bad. Agree with the above. I hope but mostly wonder if there is any immediate hike coming in for the temporary workers. Any impact on production is surely going to dent Maruti big time considering that the Figo, Aspire and the Kwid is getting a lot of attention.
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Old 26th September 2015, 21:42   #5
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Default re: 38% salary hike for Maruti employees in new wage deal

Hope this does not get out of hand. If i remember correctly this had happened at the time the A Star was introduced, and there was a delay in the whole booking period.
The Baleno is around the corner and if there are troubles with the work force it is not a good thing.
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Old 28th September 2015, 12:48   #6
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Default Re: 38% salary hike for Maruti employees in new wage deal

Well, expect further cost cutting on the vehicle fabrication soon.
Maruti, though is doing pretty well and may perhaps be able to "absorb" this cost without cost cutting on other aspect - but then that would be wishful thinking, and something that I as a stockholder will not like!
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