As the deadline for Maruti to make a wage settlement with its workers nears, a crucial meeting is expected next week between the management and the workers of the Gurgaon plant, reports CNBC-TV18's Ronojoy Banerjee.
As the deadline for Maruti to make a wage settlement with its workers nears, a crucial meeting is expected next week for finalising wages between the management and the workers of the Gurgaon manufacturing plant of the auto major.
The deadline was expected to be March 31, but a possible resolution could be plated on the table next week itself, reports CNBC-TV18’s Ronojoy Banerjee.
It is going to be a very crucial meeting between the management of Maruti Suzuki and the workers of the Gurgaon facility over the contentious issue of wage settlement. What sources are saying is that the last date for wage settlement with the Gurgoan workers is on March 31, 2012. So in all likelihood by April 1, 2012, the workers at Gurgoan will get a substantially higher wage than what they got in the past.
This is significant because the last time Maruti Suzuki got into a wage settlement with the workers of Gurgoan was back in 2009 and at that point the workers only got a hike of about 10%. Sources among the workers say that the Gurgoan union had recently written to Maruti Suzuki’s management saying whatever wage hike they are given – the high cost of goods needs to be factored in owing to inflation.
A senior office bearer of the Maruti Suzuki Gurgoan union said they are not going to be satisfied with anything less than a 15-20% hike, which means that it will have to be substantially higher than what it was. It’s a wait and watch game for now.
Set email alert for
ADS BY GOOGLE
video of the day
Financials a big bet; bullish on LIC HF, Shriram Trans: UBS