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<img class="alignleft" style="margin: 8px;" title="Maruti Suzuki Logo" src="http://www.carzy.co.in/blog/wp-content/uploads/2012/08/marutisuzuki.gif" alt="" width="200" height="200" />The largest carmaker of the country, Maruti Suzuki India announced a good salary hike of all its employees and remarked that the step will not have any critical impact on the brand’s profit margin, as shared by company’s senior official.
Yesterday at its Gurgaon facility, Maruti declared to offer its workers a much-awaited wage settlement agreement. It will now give its employees an average salary hike of Rs. 18,000 per month distributed over three years.
The Chairman of the company, RC Bhargava addressed reporters and said, “We are increasing the salaries of our workers and the same will have no significant impact on our bottomline because the wage cost will stand around 2.6% as previously, so there are no chances of any effect.”
He further added that the company’s total cost of wages to workers, like from managing director to executive level and worker stands a little over 2% to total sales. Moreover there is no union at Manesar as of now because the plant confronted a severe clash in July along with one month labor unrest due to the death of senior HR official during the encounter.
Mr. Bhargava mentioned, “We’ve executed a strategy through which existing workers can involve and discuss their thoughts about settling wages. But at the same time we want that wages need to be equal in both factories and must not differ. Also I want to make it clear that average wage hike over a last three years is about 48-49% instead of 75% as proclaimed in few media sections.”
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