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MACHINIST - Bosch reaches amicable settlement with Union at Bangalore Plant

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Home arrow News arrow Business News arrow Bosch reaches amicable settlement with Union at Bangalore Plant

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Bosch reaches amicable settlement with Union at Bangalore Plant
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Written by James   
Thursday, 25 March 2010

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Bangalore: The workers union at Bosch Bangalore Plant has reached an amicable settlement with Bosch management today and has assured 100 % normalcy in production from March 25th 2010.

In a joint statement to the press, the union president Mr. N. M. Adyanthaya and Mr. Soumitra Bhattacharya, Senior VP said, “ the settlement was reached after a long, but fruitful negotiation and we now look forward to reaching normalcy with effect from 25 th March”.

Since Feb 12th, the workers at Bosch's Naganathapura and Bangalore plants had launched a go-slow strike, which resulted in a drop of 40 per cent in production and a loss of Rs 4 crore per day.

This settlement will give a sigh of relief to the Auto Industry who had to face some disruption in production due to short time irregularities in the supply of critical components from the Bosch Bangalore Plant.

According to sources Bosch's management have agreed to an increase of Rs 8,000 per month in their CTC (cost to company).

An MoU between the management and the union is likely to be signed on Thursday.

It is important to note that the wage negotiation with the union of Bosch Nagnathpura Plant is still on and the settlement is expected soon.

Last Updated ( Thursday, 25 March 2010 )
 
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