Renault Nissan offers 8.33% bonus to employees, union disagrees

Renault Nissan Automotive India has informed its employees’ union in 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 to negotiate further to arrive at a final bonus amount, said sources.

The union has sought 20 per cent bonus without ceiling limit and Rs 25,000 ex gratia for FY18-19. Last year, the bonus was 20 per cent and Rs 10,000 ex gratia.

“If the bonus and ex gratia are at the same level