General Motors signs wage pact with Talegaon plant workers

General Motors (GM) India today signed a three-year wage agreement with workers of its Talegaon plant in Maharashtra, with average salaries set to go up by Rs 22,000 at the end of the period.The new wage pact would be effective from April 1, 2017 and come to an end on March 31, 2020. The Talegaon plant has over 2,500 workers.
 
“As per the new agreement, the workers will receive 80 per cent of the increased component in the first year followed by 10 per cent each in the remaining two years, respectively,” GM India said in a statement. GM India Vice-President, Human Resources, Pritpal S Kular said: “It is an important step in our plan to consolidate GM India's manufacturing at the Talegaon plant in Maharashtra.”

 
It is a reflection of “the trust and commitment between the parties” and how “the company works collaboratively to resolve all issues in an amicable manner”, he added. General Motors Employee Union President, Talegaon, Tushar Kamthe said that the timely settlement will help drive quality and enhanced productivity which is beneficial for all employees.