Ford India had increased its offer from 87 days to 124 days of average equivalent wages per completed years of service
Company revises severance package to 121 days from 115 earlier
At a time when the workers of two car manufacturers are negotiating severance package and wage revision, Hyundai Motors India Ltd has announced the inking of wage agreement with its worker's union
The factory located at Maraimalai Nagar on the outskirts of the city has been witnessing labour unrest since May 30 over the compensation offered by the management
Automobile firm is finalising a severance package with 2,000 employees working at the factory
Buzz is that the company may look at the Ford India unit near Chennai for its new facility; sources say group was already betting big in EV components through Bharat FIH
Unions refute claim, say only 350-odd employees are heading back to shopfloor
According to a union official, about 100-150 people have joined the duty at the factory since Tuesday and the unit was operating in double shifts
Warns early closure of unit, legal action against workers starting June 14
The closure of the Ford factory at Maraimala Nagar will affect a total of around 40,000 jobs in total because the factory jobs are linked to many ancillary units which employ unorganised workers
About 2,600 workers of Ford India Pvt Ltd's plant at Maraimalainagar continue their protest demanding better compensation as the company has decided to shut down its plant
The management is reportedly considering a 'loss of pay' option for the striking staff
About 2,000 workers of Ford India's plant near that will be shutdown soon, are hoping for some good news from the management in respect of their severance package, said a union official
TaMo to take over land, plant building, machinery, and vehicle assembly along with all workers employed by the unit
As part of the MoU, Tata Motors would take over land, plant building, machinery, and vehicle assembly from Ford India Pvt. Ltd., along with all workers working at the plant
The Centre is looking to woo top global investors for the sale of its stake in IDBI Bank as a team of senior government officials visits the US this week. Read more in our top headlines
Tata Motors to continue to enjoy incentives that were extended to Ford India
The decision comes as a blow for the 4,000-odd employees at Ford India's Maraimalai Nagar plant near Chennai and in Sanand, Gujarat
The talks are said to have started after the government approved Ford's proposal for manufacturing and exporting EVs as part of the Rs 25,938-crore production-linked incentive (PLI) scheme in February
A worker union leader said the company management wants to conclude the talks and arrive at a settlement by February 2022