Detect your location
Select Your location
Clear
  • Pune
  • Bangalore
  • Mumbai
  • Hyderabad
  • Chennai
Popular Cities
Pune
Bangalore
Mumbai
Hyderabad
Chennai
jaipur
Montra
23 Feb 2023
Automobile

Bajaj Auto And Employee Union Signed A Wage Agreement

By News Date 23 Feb 2023

Bajaj Auto And Employee Union Signed A Wage Agreement

According to this agreement with the company, the workers would get a hike of Rs. 8,850 to Rs. 9,200 in the first year

Bajaj auto has signed a wage agreement with the employee union of the company - Vishwakalyan Kamgar Sanghatana (VKS). This agreement will provide the workers of the Chakan plant with a hike of Rs. 14,350 to Rs. 15,000 in three years. This agreement will stand for a period of three and a half years. 

According to the agreement, in the first year, the workers will get a hike of Rs. 8,850 to Rs. 9,200. In the next second and third years, the wages will go up by Rs. 2,250 to Rs. 3,250, respectively. Also, the company will give an attendance reward of Rs. 600, which will be adjusted in the HRA of employees. As a result, the company's average cost per worker would increase from Rs. 64,000 to Rs. 82,000 at the end of this agreement period.

This agreement was signed in the presence of Dilip Pawar, President of VKS; Mahesh Khanapurkar, vice president of the VKS; Rajendra Mahadik, general secretary; Sunil Misal, treasurer. In addition, the company management representatives were also there Mr Kailash Zanzari, head of manufacturing, Bajaj Auto; Naveen Nizwan, VP, Chakan and Akurdi plants and Harish Kapse, plant head, Chakan.

In addition, according to the agreement, the employees will get term insurance worth Rs. 10 Lakh. The union also said this is the first time in the history of Bajaj Auto that the union has negotiated term insurance for the members. Also, the insurance has increased from Rs. 1,00,000 to Rs. 2,00,000 annually. In addition, the premium for this insurance will be paid by the company.

Are you looking to buy or sell a new truck or a used truck, get a truck loan, Select your truck according to category and other facilities Truck Junction with just one click and download the Truck Junction Mobile Application to know the latest news related to the truck industry.

Follow us for Latest Truck Industry Updates 
Facebook  - https://bit.ly/TruckFB
Instagram -  https://bit.ly/TruckInsta
Youtube    -  https://bit.ly/TruckYT

Similar News

Tools For Help

Call Back Button Call Us