Renault-Nissan India employees to get raise of up to Rs 30,000 per month after long negotiations

Most employees are happy with the settlement and around 2,500 have accepted it, revealed an Economic Times report quoting a source in RNITS.

The management and union have jointly submitted the settlement before the Retd Judge of Madras High Court Justice P Jyothimani in an arbitration proceeding, following which an award has been passed.

Keerthi Prakash, Managing Director of RNAIPL, said, “We are very happy to reach this important agreement, ensuring employee voices were directly represented in securing a competitive settlement while at the same time keeping the welfare and aspirations of the workforce as our top priority.”

Earlier in February, the Nissan-Renault alliance announced to invest $600 million in its Indian Technology & Business Centre in Chennai to support the new projects which include Research and Development (R&D) and create up to 2,000 additional new jobs.

The company with this new investment aims to introduce EVs in the Indian market soon to transition to carbon-neutral manufacturing in the country. Since RNAIPL began operations in 2010, over 2.4 million units of Renault and Nissan vehicles have been manufactured at the company’s Chennai plant.

Renault and Nissan also announced collaboration on six new production vehicles for domestic and international customers, including two new fully electric vehicles, uplifting the Renault-Nissan centre into an international export hub.