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Ratan Tata 'undermined a key reform' in Tata Motors: Cyrus Mistry

Ousted Chairman of Tata Group Ratan Tata on Monday leveled allegations against Ratan Tata that he "undermined a key reform" for introduction of an "incentive linked to productivity" at Tata Motors by asking for public support from the auto major's labour unions.


Ratan Tata 'undermined a key reform' in Tata Motors: Cyrus Mistry

Mumbai: Ousted Chairman of Tata Group Ratan Tata on Monday leveled allegations against Ratan Tata that he "undermined a key reform" for introduction of an "incentive linked to productivity" at Tata Motors by asking for public support from the auto major's labour unions.

Mistry also claimed that these key reform measure was prevented for gaining support of the trade union.

Mistry in a letter to the shareholders of group firms, that have called for an extraordinary general meeting to remove him as director, said the "key reform measure" was undermined for getting the trade union's support.

"Tata Motors was close to finalising for the first time, a productivity-based agreement with labour unions. Ratan Tata called the labour unions and asked the union leaders for their public support and in return undermined the introduction of the incentive linked to productivity," Mistry wrote.

The union leaders were paraded before the waiting media and Tata Motors did not get the benefit of a key work reform measure, he added.

With PTI Inputs

From Zee News

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