Automobile manufacturer Renault Nissan Automotive India Pvt Ltd has informed the employee union at its Chennai facility that it would be able to pay 8.33 per cent statutory bonus for the year 2018-19, as against the demand of 20 per cent, considering the current crisis in the industry. The Union is expecting further negotiations to arrive at a final bonus amount, said sources.
The Union had sought 20 per cent bonus without a ceiling and Rs 25,000 ex-gratia for FY2018-19. Last year, the bonus was 20 per cent and Rs 10,000 ex-gratia.
"If the bonus and ex-gratia are at the