Wage

MC Explains: Karnataka's minimum wage hike proposal caught in a tug of war between industries and unions

While the state government has proposed an increase in minimum wages, industries are not enthused, saying it could force them to shut down or shift to other states. Trade unions, on the other hand, say the hike is imperative.

Port workers to go on strike to demand better wages, benefits

A strike by port workers could exacerbate the existing congestion issues at Asian and European ports, leading to further delayed shipments, which have a global impact on trade and commerce.

MSMEs to ask new government for phased implementation of labour codes

The MSMEs are apprehensive that the labour codes will increase their financial burden due to employee insurance, gratuity and a higher basic wage.

M&M labour woes continue, no agreement on wage hike

CNBC-TV18‘s Sunanda Jayaseelan reports that the agreement which was to be signed by April 15 for the ongoing wage negotiations at M&M's Nashik plant, is no closer to being signed due to no agreement on increase in production capacity and stalled wage hike.

Wage hike to average 7%, hire 45,000 this year: TCS

Software major Tata Consultancy Services (TCS) today said it will give wage hikes averaging about seven per cent this year to its employees in India, along with 100 per cent variable pay.

No respite for Hero MotoCorp as wage talks fail

Hero Motocorp's labour unrest has given the company many sleepless nights. The management and workers are in talks what have been going on for the past nine hours, reports CNBC-TV18's Ronojoy Banerjee.

Ongoing labour unrest cause loss of 500 units/day for M&M

If slowing sales weren't enough of a speedbraker, auto majors are now dealing with yet another roadblock- escalating labour unrest. First Maruti, followed by Hero Moto Corp and now, Mahindra and Mahindra.