Hero MotoCorp inked 3-year wage agreement with Gurgaon workers

Posted on:06 Jul 2016 09:37:12
Hero MotoCorp inked 3-year wage agreement with Gurgaon workers
06 July 2016 Current Affairs: Country’s largest two-wheeler maker Hero MotoCorp Ltd. (HMCL) has inked a wage settlement pact with its permanent workers at Gurgaon Plant, entailing a hike of 12500 rupees spread over three years.

The three-year agreement will be implemented with retrospective effect starting from 1 August 2015 till 31 July 2018. The previous wage settlement was effective from 1 August 2012 to 31 July 2015.Hero MotoCorp employs about 1400 permanent employees at its Gurgaon facility.

Hero MotoCorp : Hero MotoCorp Ltd. (formerly Hero Honda Motors Ltd.) based in India is the world's largest manufacturer of two – wheelers.

In 2001, the company achieved the coveted position of being the largest two-wheeler manufacturing company in India and also, the 'World No.1' two-wheeler company in terms of unit volume sales in a calendar year. Hero MotoCorp Ltd. continues to maintain this position till date.

Hero MotoCorp two wheelers are manufactured across 4 globally benchmarked manufacturing facilities. Two of these are based at Gurgaon and Dharuhera in Haryana and one each at Haridwar, Uttarakhand and Neemrana, Rajasthan.

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