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Maruti Suzuki Hikes Workers Salaries By 75%
Maruti Suzuki's revised salaries will mean its workers will be the highest paid workers in the country's manufacturing sector. The salary hike to Maruti Suzuki workers will be ranging from Rs.14,000 to Rs.22,000. Sources the average increase in salary will be about Rs.18,000.
Maruti Suzuki has also decided to provide some new benefits to its workers. It will offer interest free personal loans, reduce probation period of its technicians and also doubled periodic medical aid.
Maruti Suzuki increases its salaries every three years. The new salary hike is the highest in the carmaker's 30 year history. The previous hike was just 6% in 2009. We can say Maruti Suzuki has been more than liberal in this year's salary hike.
A senior Maruti Suzuki executive has stated that the company had considered several factors including inflation while deciding the pay hike. We believe the carmaker is hoping these new salaries will help reduce the tension between workers and the management. Maruti Suzuki has seen four strikes in the past one year with the last one in July taking a violent turn.
In another positive development for the workers, Maruti Suzuki has decided to absorb a majority of its temporary workers in to its permanent work force.
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