JOIN USThe country’s largest car maker Maruti Suzuki India on Tuesday reached a wage settlement agreement with its workers at its Gurgaon plant, under which the employees will get an average salary hike of Rs 18,000 per month spread over three years.
Under the three year agreement, to be implemented with retrospective effect from April this year, the workers will receive 80 per cent of the increased salary in the first year and the rest in the following two years.
It is a satisfactory agreement considering that even a junior level employee will get a hike of Rs 15,000 per month.
Giving the breakup, Maruti Suzuki India (MSI) Chief Operating Officer (Administration) S Y Siddiqui said the actual average hike in the salary will be Rs 14,800 per month. Over and above this, there will be an increase of Rs 1,000 per month on the ad-hoc allowance, besides, DA will be made variable to consider any further inflationary pressure in the society.
Also, as per the agreement the workers will get transport allowance of Rs 1,200 per month.
Besides, MSI has agreed to increase the medical allowance of the workers apart from increasing the number of yearly scheduled holidays to 12.