Business Daily from THE HINDU group of publications Wednesday, Oct 11, 2006 ePaper |
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Trade & Labour Unions Honda settlement `pledge' with union Our Bureau
New Delhi, Oct. 10 Honda Motors and Scooter India Ltd (HMSI) today signed a pledge with their labour union at a ceremony held at HMSI plant in Manesar. This pledge was taken jointly in the presence of all workers and senior management. The HMSI Labour Union and the management had signed a long-term settlement for a duration of three years on September 17. Mr Yukihiro Aoshima, President and Chief Executive Officer, HMSI, said, "Our current market share is six per cent and in the years to come we intend to take it up to 10 per cent. We are currently producing 12 lakh vehicles per year and we hope that with the co-operation of our workers we will be successful in increasing our rate of growth in the years to come and give our workers a brighter future." Mr Suresh Gaur, President, Labour Union, HMSI, said, "This pledge is a symbol of renewed dedication and commitment from both the management and the workers. We hope that the management and the union can work together to create new benchmarks in industrial relations and take the company to new heights." HMSI was witness to one of the worst labour disputes last year after which it entered into an agreement with the workers. The company was also troubled with another labour dispute last month when some of the contractual workers at the plant went on strike demanding regularisation.
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