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Bosch Ltd’s Bengaluru plant concluded a wage settlement for the period 2013-2016 with its Workmen Union-Mico Employees’ Association (MEA) on December 8.
With the signing of this settlement, the prolonged illegal strike called by the union on September 16, 2014, comes to an end.
As part of the deal, the company will introduce International Industrial Engineering (IE) standards for improving productivity.
A basket amount of Rs 8,500 per month with a performance-linked incentive scheme is proposed.
“I am pleased to see all our workmen resume production. Despite the adverse effect of the strike, the company has made a generous offer to its workmen union and expects them to adhere to the agreed measures on productivity standards,” said Dr Steffen Berns, Managing Director of Bosch Ltd, on the signing of the settlement.
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