Maruti Suzuki India has reached a wage settlement agreement at its Gurgaon and Manesar plants under which workers will get an average salary increase of around Rs 16,800 per month spread over three years.
Under the agreement, to be implemented with retrospective effect from April 2015, the workers will receive 50 percent of the increased salary in the first year and the 25 percent each in the remaining two years, union representatives said.
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"For the first time, the unions of both Gurgaon and Manesar plants, including those of Maruti Suzuki Powertrain, reached an amicable agreement with the management late last evening," Maruti Udyog Kamgar Union general secretary Kuldeep Janghu told IANS.
"On an average, the salary hike per worker is around Rs.16,800 per month, of which Rs.8,430 will be given in the first year and Rs.4,200 each in the second and third years," he said.
"As the settlement was reached peacefully without any hostility, managing director and CEO Kenichi Ayukawa has also promised to pay Rs.3,000 each to the workers as a one-time incentive," Janghu added.
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Maruti Suzuki Workers Union general secretary Pawan Kumar said the management has also agreed to pay Rs.2,000 per month as transport allowance to those workers who use their own vehicles for seven years.
The agreement is valid from April 2015 to March 31, 2018.
The company had signed a wage settlement pact in September 2012 under which workers were given an average salary hike of Rs 18,000 per month spread over three years.