Hyundai says salary increase for technicians of Chennai factory
Hyundai Motor India Limited (HMIL) on Monday claimed via a statement that the South Korean company had quelled a workers protest. The company said that it had concluded a long term wage agreement with the recognised United Union of Hyundai Employees (UUHE). In its statement, the company said, as per the agreement technicians will receive an average salary increase of Rs 25,200 per month spread over three years. This would mean that a monthly salary raise of Rs 13,860 will be given in the first year, Rs 6,300 in the second year and Rs 5,040 a month in the third year