Ford indicates settlement with Chennai plant employees

Twelve months after confirming its exit from the Indian market, Ford India on Friday executed a settlement settlement with employees of its Maraimalai Nagar plant, concluding negotiations on the severance settlement package.

The settlement was signed between Ford India and the Chennai Ford Workers' Union (CFEU), which represents 2,592 permanent hourly employees. The company additionally stated that it will pay an additional amount equal to one month of gross wages as login earnings for workers who complete the exit pathway by October 14, 2022.

“Separation Settlement, signed between Ford and the Chennai Federation at Nowadays, it is a milestone and a win-win for all parties involved. I thank the employees at Ford as well as the Chennai Ford trade union for negotiating in good faith and arriving at a final settlement outcome that keeps the curiosity of the most effective employees in the coronary heart,” Balasundram Radhakrishnan stated, Transformation Workplace, Ford India, .

Learn | Ford India is reviewing the remaining severance package for employees

Final Settlement Package (average equal to 140 days of gross pay per 12 months of service and overtime. 1.5 lacs lump sum per worker) Friday's site interpreted to an average wage of about 62 months per worker, the assertion said.

The final date of employment for all employees was Friday, the company is notifying employees of next steps and looks forward to finalizing the exit procedure. On September 31, then until August 31, and finally until September 30. History of Manufacturing in Maraimalai Nagar. However, a June employee protest pressured the company to ramp up manufacturing for a month. Automobile for export markets of India plants. However, the company went back to implementing its plans, after which talks resumed. in 1991. In addition to the Maraimalai Nagar plant, Ford India has another huge manufacturing facility at Sanand in Gujarat which was purchased by Tata Motors. However, Ford India's efforts to find a buyer for the Maraimalai Nagar plant have yet to materialize.

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