Hero fears row over hikes may hit production
According to the company, the average monthly wage at the Gurgaon plant stands at R46,000, while new entrants get R40,000, a significant portion of the salaries being variable based on performance.
“As a company we are known for maintaining good employee relations. The wage negotiations are being done in a peaceful manner and we are hopeful that both parties will reach a settlement soon,” Hero MotoCorp CFO Ravi Sud said in an investor call on Thursday following the announcement of the company’s third-quarter earnings.
A source at the Gurgaon plant union said that the workers will continue with the ‘silent protest’ for another week before looking at options like a tool-down strike or a slowdown in production. Apart from the black bands, the workers have been protesting by boycotting company-provided snacks.
“The meeting went on till late on Wednesday evening but no solution has been found regarding our demands yet. Workers’ salaries are a very small component of their expenditures and many of us have been working for 15-16 years, so we should see a good pay hike. We have agreed to all of the management’s production target requirements for the next few years,” the source in the union said.
One of the three major automakers in the Gurgaon-Manesar industrial belt, the pressure on Hero to hike
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