Hero MotoCorp (HMCL), the world’s largest two-wheeler manufacturer, has signed a three years salary settlement agreement with its permanent workers at Gurgaon Plant, entailing a hike of Rs 12500 spread over three years. The agreement will be implemented with retrospective effect starting from August 1, 2015 till July 31, 2018.
The workers at the Gurgaon plant were upset at the delay in finalising the hike, prompting them to go on strike in March this year. The earlier wage settlement was effective from August 1, 2012 to July 31, 2015.
Hero MotoCorp is an India-based holding company and a two-wheeler manufacturer. The Company is engaged in the manufacturing and selling of motorized two-wheelers, spare parts and related services.
