The Renault Nissan Alliance has formally signed a three year Long Term Settlement of agreement with Renault Nissan India Thozhilalar Sangam (RNITS), the company's employee representative union. The agreement will be effective from April 01, 2016 until March 31, 2019.
According to the new agreement, the plant technicians will receive a salary increase of Rs. 18,000/-, over a period of 3 years. The agreement also includes several benefits and schemes for employees and their families.
Colin MacDonald, the CEO and Managing Director of Renault Nissan Automotive India commented, "Employees are the driving force for the sustainable growth of Renault-Nissan. Therefore, the company places great importance on establishing a workplace that maximizes the performance of all."
"The wage agreement with the employee union goes a long way in building a sustainable and performing organization. We have carefully ensured that the employees and families receive best benefits and schemes."