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Tata Motors on Friday signed a long-term wage settlement (LTS) with its Sanand workers' union that introduced a performance-linked payment system into the wage package.
In line with the three-year wage settlement, from September 2015 to August 2018, signed with the Pune workers' Union, the country's largest automobile manufacturer has signed a similar performance-linked wage agreement at Sanand as well.
Settlement would be vaild for a period of five years, from October 2015 to September 2020. The company claimed that the LTS has been agreed upon amicably.
Company said it has alloted a total wage package of Rs 16,000 that
