Monday, September 19, 2011

Tata Motors employees to get special productivity-linked bonus

Tata Motors
 Pune: The management of Tata Motors Ltd in Pune and Tata Motors Employees Union, on Sunday signed an agreement on special payment for the employees and production for the current financial year.

In order to survive market competition and get maximum productivity from its employees, the company decided to pay Rs 33,001 as productivity-linked special payment.

The union promised to give its full support and attain quality production to ensure maximum cuts in production costs.

An ad hoc Rs 16,501 will be given to those workers who are in the scheme of superannuation.

On behalf of the management, senior vice-president (manufacturing operations), SB Borwankar; chief of Pune project, JR Sastabhavan; and trade union president Vishnu Newale and executive president Subhash Hulawale singed the agreement.

Source: Daily Bhaskar

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