Saturday, 11 February 2012

Labour Strike Effect - Maruti Suzuki may hike worker wages in double digits



Maruti Suzuki India Limited has not had a good year so far. The company has not been able to grow, or the company might even register negative growth this year. The reason which holds majority of credit for this is the Labour Strike at its Manesar plant.

The after effect of the Strike is most imminent now as the car maker has already cleared that the hike in wages of the workers will be in double digits this year. The car maker usually hikes the wages by 5-6% and that too in 3-4 years once.

The situation has much aggravated this year and the car maker had to suffer huge loss due to strike. Also, the competitor were the ones who went into benefit due to this and the market share of Maruti Suzuki dropped to almost 38% first time in Indian Auto history.

The car maker has serious plans of revival and hence takes the step of hiking the salaries across this time.

Hope this brings peace in the Industry and Sales multiply at a high rate in coming years.

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