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Maruti plans low-cost housing for workers

Last Updated: Monday, October 1, 2012 - 00:08

New Delhi: Maruti Suzuki India is planning to offer low-cost houses to about 5,000 employees as it tries to walk the extra mile to improve relations with its workers.

The company, which was hit by the worst violence in its history that killed one senior official in July at its Manesar plant, has already agreed to hike salaries of its workers by an average Rs 18,000 per month, which will be spread over three years.

"We will set up an Employees Cooperation Committee to look after various issues, mainly accommodation related, affecting the workers and their relationships with the management. The committee is likely to be established by December this year," Maruti Suzuki India (MSI) Chief Operating Officer (Administration) S Y Siddiqui told reporters.

The company is planning to offer low-cost houses to about 5,000 employees and the committee will be responsible for this development, he added.

"However, till the committee is formed, the company will take the initiative in acquiring land and starting preliminary work. Once the committee is in place, we will hand over the responsibility to them," Siddiqui said.

He, however, declined to share how much land the company is looking to acquire and what could be the investment size.

"By middle of October, we will finalise the location, how much land to be acquired, investment size and other details," he added.

Siddiqui said the flats will be offered on self financing basis to workers, who will receive easy loans from financial institutions with the help of MSI.

"At the end, the workers will own the flats... These will be offered to both Gurgaon and Manesar plant staff," he added.


First Published: Sunday, September 30, 2012 - 10:43
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