Hero raises wage hike offer a tad but stand-off continues
“The Thursday meeting continued late into the night but ended on a positive note for both parties. The management gave the indication that it is ready to raise the pay increase offer by another R1,000-1,500. More clarity is expected after the Saturday meeting, and the labour officials have advised the union to be patient with the management till it announces the final offer,” a person close to the development told FE.
When contacted, a Hero MotoCorp spokesperson said: “We are in the process of talks with the members of the union of our Gurgaon plant and the process of conciliation is going on in the presence of the labour department. We would not, therefore, like to comment on any unsubstantiated market speculation on this subject.”
However, another source said that it is difficult to conclude at this stage whether the workers would accept the latest offer as it is still significantly below the R14,000-15,000 monthly increase that the Hero MotoCorp Workers Union (HMCWU) is demanding. HMCWU represents the 1,200 permanent workers at Hero’s
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