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Hindustan Unilever and former employees of Kodaikanal factory sign settlement

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Capital Market

On 04 March 2016

Hindustan Unilever and Pond's HLL ex-Mercury Employees Welfare Association, representing the ex-employees of the former thermometer factory in Kodaikanal, have announced the signing of a settlement. The Memorandum of Settlement reached was recorded in an order passed by the Hon'ble Madras High Court. The settlement has been entered into on humanitarian considerations to put an end to this long standing matter pending in the Court for several years and also is in keeping with the suggestion of the Hon'ble Madras High Court.

This agreement was signed on 04 March 2016 in the presence of representatives of former workers and HUL. As part of the agreement, HUL, with an objective to ensure long term wellbeing of its former workers, has agreed to provide ex gratia payments to 591 former workers/association members and their families towards livelihood enhancement projects and skill enhancement programs.

 

The former employees have confirmed this as a full and final settlement of all their claims and demands. They will withdraw the petition they had filed in February 2006 in the Hon'ble Madras High Court.

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First Published: Mar 09 2016 | 2:43 PM IST

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