Wage, productivity agreement at Nashik plant
By Our Corporate Bureau | 05 Feb 1998
The Indian subsidiary of Asea Brown Boveri has offered a handsome wage hike to the workers at its electronic panel factory at Nashik in Maharashtra in return for improvement in productivity. The increments, ranging between Rs 2,300 and Rs 3,200 per month, amount to a 35 per cent increase in wages.
The workers have agreed to give 20 per cent more production. There is an incentive pay linked to higher productivity.
The three-year agreement took six months to hammer out. Nashik is one of ABB's four manufacturing facilities in India. Together they employ about 1,400 people.
The agreement at the Nashik plant was signed by the management and the union represented by the Association of Engineering Workers, led by P.N. Samant.
The workers have agreed to give 20 per cent more production. There is an incentive pay linked to higher productivity.
The three-year agreement took six months to hammer out. Nashik is one of ABB's four manufacturing facilities in India. Together they employ about 1,400 people.
The agreement at the Nashik plant was signed by the management and the union represented by the Association of Engineering Workers, led by P.N. Samant.