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Renault-Nissan signs Long Term Agreement with Employee Union

Renault-Nissan signs Long Term Agreement with Employee Union

Snapshot: Renault Nissan alliance has formally signed a three year Long Term of Settlement agreement with its employee representative union, Renault Nissan India Thozhilalar Sangam.

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Renault Nissan Automotive India Private Limited has signed a formal three year long term agreement with its employee representative union, Renault Nissan India Thozhilalar Sangam. In this agreement, the plant technicians will get a salary increment of Rs 18,000 progressively over the next 3 years along with several benefits and schemes for employees and their families. The agreement will be effective from April 01, 2016 until March 31, 2019.

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Speaking at the signing of the long term settlement, Mr Colin MacDonald, CEO & Managing Director of Renault Nissan Automotive India Private Ltd said, “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.”

Renault and Nissan Alliance and started operation in March 2010, it has invested Rs 61 billion till date and  has also 32 new models and derivatives to its production line. The facility serves to both domestic and international markets. It has developed into India's second largest car exporter with more than 600,000 units shipped to 106 countries since 2010. Not only this, this year the factory has achieved a production milestone of one million cars.

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