Hero management, workers to meet on Saturday to continue talks
Quotes

Hero management, workers to meet on Saturday to continue talks

Last Updated: Thursday, January 31, 2013, 21:10
 
 Comment 0
 
Hero management, workers to meet on Saturday to continue talks
New Delhi: Two-wheeler major Hero MotoCorp management and workers of its Gurgaon plant will meet again on Saturday as hectic negotiations over a wage settlement agreement remained inconclusive Thursday.

The tripartite meeting between the management, Hero MotoCorp Workers Union (HMCWU) and senior officials from Haryana Labour Department did not fructify in clearing the deadlock over finalising the three-year wage agreement.

"The meeting was inconclusive Thursday. Though some flexibilities were seen during the discussion from both parties, but solution could be found," a source close to the development said.

The Deputy Labour Commissioner has fixed a time on Saturday for the next round of discussions, sources said.

When contacted, a company spokesperson declined to comment on the development.

After the initial wage negotiations, which started during late-August 2012 after submission of the demands, remained inconclusive and fell apart on January 21, the matter was referred to the DLC of the region for further deliberations. The first second level of negotiations started on January 25, but in vain.

Workers are demanding a monthly wage hike of up to Rs 18,000 over a three-year period. However, according to sources, the company has offered a hike of around Rs 7,500.

Last week, workers at the Gurgaon plant observed slow down of output for a few days, resulting in an estimated total production loss of over 1,000 scooters.

The workers had resorted to slowdown of one production line, which produces scooters. The company has three lines at the plant and rolls out around 7,000 two-wheelers every day.

HMCWU represents nearly 1,200 permanent workers at the Gurgaon plant.

Shares of Hero MotoCorp Thursday closed trading 1.31 percent up at Rs 1,823.40 apiece on BSE.

PTI



First Published: Thursday, January 31, 2013, 21:10


Comments


comments powered by Disqus
G20 Summit 2014
G20 Summit 2014
2014`s Top People in Business: Fortune
2014`s Top People in Business: Fortune
World Bank`s Top 10 Places for Business
World Bank`s Top 10 Places for Business
India`s top ten billionaires
India`s top ten billionaires
Top 10 billionaire cities- In Pics
Top 10 billionaire cities- In Pics

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved