This has entailed a hike of Rs 12,500 spread over three years. The three-year agreement will be implemented with retrospective effect starting from August 1, 2015 till July 31, 2018. The earlier wage settlement was effective from August 1, 2012 to July 31, 2015. The settlement between the company’s management and workers union has been reached after months of negotiations.

Hero MotoCorp inks a wage settlement pact with its permanent workers at Gurgaon plant

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