renault: Pact with workforce is a step towards sustainable and successful future for TN plant: Renault-Nissan MD
“RNAIPL today announced the conclusion of a long term settlement agreement with its workers representative union — Renault Nissan India Thozhilalar Sangam (employees union)”, the company said in a statement.
The management and the union have jointly submitted the settlement before Madras High Court retired judge P Jyothimani in arbitration proceedings, following which an award has been passed in terms of settlement, it said.
Commenting on reaching the agreement, RNAIPL managing director Keerthi Prakash said, “we are very happy to reach this important agreement, ensuring employee voices were directly represented in securing a competitive settlement while at the same time keeping the welfare and aspirations of the workforce as our top priority.”
“This is another step forward in our journey to build a sustainable and successful future for the plant,” he said in a statement.
The settlement with the employees union would ensure long-term stability and covers a period of April 1, 2019 to March 31, 2025.
Renault Nissan Automotive India Pvt Ltd commenced operations in 2010 at its facility in Oragadam about 45 km from here and has produced over 2.4 million vehicles. Besides serving domestic market, the vehicles are shipped to 108 countries.