The Live Ahmedabad
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured

The Live Ahmedabad

  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
GujaratAhmedabad Business

Tata Motors signs Long-Term Wage Settlement in Sanand

by TLAteam August 21, 2021August 21, 2021
written by TLAteam August 21, 2021August 21, 2021
Tata Motors signs Long-Term Wage Settlement in Sanand

Sanand (Ahmedabad), August 21, 2021: A long-term wage settlement (LTS) between the Tata Motors Sanand Union and Tata Motors was amicably agreed upon and signed today for a period of 3-years from August 2021 to July 2024. The existing settlement was valid till September 2020. 

The total wage package allotted is Rs. 8800/- for 3 years with 62%, 20% & 18% amount accruing every year. A special additional increase of Rs. 1800/- is also extended in the same proportion. Despite a challenging business situation in the past, the company has also provided an increment for the past 10 months on the request of the union.

The company has introduced a new performance linked scheme, based on global parameters of HPeV (Hours Per Equivalent Vehicle), quality & safety. This new measurement of performance has been well received by union. The Annual Bonus linked to plant performance covering all permanent workers was also agreed upon. The SDT (Self Directed Teams) concept ownership by the workmen was major highlight of this settlement.

Additionally, other benefits like housing loan subsidy, amenity loan and other facilities, like block closure days up to 30 days per year were mutually agreed.

Speaking on the occasion, Mr. Ravindra Kumar G.P., President & Chief Human Resources Officer, Tata Motors said, “Tata Motors shares cordial working relationship with workers and members of its internal Union. We have signed the second long term wage settlement at Sanand plant. I would like to thank all the workers for their continual support and patience. They have been very co-operative and have supported the Company during this pandemic time. We aim to achieve higher and challenging productivity levels with the launch of new HPeV based productivity scheme. The union is very supportive and forward looking in terms of long term welfare of the workmen and at the same time warranting and supporting gains for the company in terms of productivity, quality and safety through this wage settlement. I personally congratulate all who were involved in this settlement.”

0 comment
previous post
Ahmedabad jewellers to join Monday’s strike against HUID
next post
James Bond ‘No Time To Die’ world premiere on Sep 28

You may also like

183 new COVID-19 cases in 10 days; Gujarat...

May 30, 2025

Fire broke out near Surat airport runway, flights...

May 30, 2025

Gujarat govt employees, pensioners to get ₹10 lakh...

May 30, 2025

No More Queues: Property Registration May Go Fully...

May 29, 2025

IMD Predicts Heavy Rain in Gujarat, Kerala, Maharashtra;...

May 29, 2025

Mock Drills postponed in States Near Pakistan -Here’s...

May 29, 2025

Mother Hangs Son from Terrace in Rajkot to...

May 28, 2025

AMC to Hike Pet Registration Fees and Launch...

May 28, 2025

Three Gujaratis Receive Padma awards including Kumidini Lakhia

May 28, 2025

India to Hold Security Drills Tomorrow in 4...

May 28, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Recent Posts

  • June 2025 Bank Holidays: State-Wise List and Total Days Banks Will Be Closed

    May 31, 2025
  • WhatsApp to Stop Working on Some Old Phones from June 1: Here’s What You Need to Know

    May 31, 2025
  • Facebook Sees Spike in Harmful Content as Meta Eases Rules Amid Pressure to Appease Trump

    May 31, 2025
  • Another year, another GCAS portal blunders, students await proper system for admission

    May 31, 2025
  • Online Consultations Made Easy with Secure EMR Software Access

    May 31, 2025
August 2021
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
3031 
  Sep »
Footer Logo
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms of use
  • Advertise with Us
  • Work With Us
  • Contact Us

© 2021 - The Live Ahmedabad. All Rights Reserved.