Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
News18 » Auto
1-min read

Tata Motors Resolves Long-Term Wage Settlement Issue in Sanand

The total wage package allotted is Rs 16,000 and will be spread across the LTS term uniformly.


Updated:June 9, 2017, 5:01 PM IST
Tata Motors Resolves Long-Term Wage Settlement Issue in Sanand
Image used for representational purpose. (Image: Reuters)

The long-term wage settlement (LTS) between the Tata Motors Sanand Union and Tata Motors was amicably agreed upon and has been signed for a period of 5 years, w.e.f October 2015 to September 2020.

The total wage package allotted is Rs 16,000 and will be spread across the LTS term uniformly. In addition to the amount, the company has also introduced a performance-linked payment, which is accounted for 10% of total salary and will be linked to productivity, quality & safety. This new measurement of performance has been well received by workmen. The Annual Bonus linked to performance covering all permanent workers was also agreed upon.

Additionally, other benefits like Transport and Canteen facilities and various other facilities, like rationalisation of leave rules and block closure days up to 24 days per year were mutually agreed.

Speaking on the occasion, Gajendra Chandel, Chief Human Resource Officer, “Tata Motors shares cordial working relationships with workers and members of its internal Union. We have strived to resolve the LTS issue and today are delighted to have resolved the matter for a long term, ensuring our business operations’ competitiveness on one hand and taking care of the well-being of our shop-floor colleagues on the other. I would like to thank all the workers for their incessant support. They have been very co-operative and have supported the Company at all times. Moreover, the Union which has been recently formed is very supportive in ensuring workmen derive maximum benefits through this wage settlement.”

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

| Edited by: Manav Sinha
Read full article
Next Story
Next Story

Also Watch


Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results