Hyundai Motor concludes wage agreement with union

Chennai: Hyundai Motor India Limited (HMIL) on Monday said it has concluded its long term wage agreement with their recognised United Union of Hyundai Employees.

In a statement issued here the company said as per the agreement technicians will receive an average salary increase of Rs 25,200 per month spread over three years.

This would mean that a monthly salary raise of Rs 13,860 will be given in the first year, Rs 6,300 in the second year and Rs 5,040 a month in the third year.

The three year wage settlement will be implemented with retrospective effect from April 2018 and will remain effective until March 2021, the statement said.

[source_without_link]IANS[/source_without_link]

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