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New Indian Express
20-05-2025
- Business
- New Indian Express
Samsung-union talks come to end, workers to get Rs 18K wage revision in Tamil Nadu
CHENNAI: The talks between Samsung India and members of the CITU-backed Samsung India Workers' Union (SIWU) finally ended on Monday, after both parties agreed to a wage revision of Rs 18,000 over a period of three years in direct salaries and an additional Rs 4,000 in experience-based incentives for workers at the Samsung India manufacturing unit at Sriperumbudur. The talks were held in the presence of Labour Minister C V Ganesan at the secretariat on Monday. Following the talks, the minister told reporters that workers will receive a wage hike of Rs 9,000 in 2025-26, followed by a hike of Rs 4,500 each in 2026-27 and in 2027-28. The two parties have also agreed upon a one-time special promotion to workers who have completed six years of continuous service as on March 31 this year and have not received promotions so far. The standoff ended after nearly 30 rounds of talks between Samsung representatives, the union and labour department officials, failed. The union had initially sought Rs 36,000 in wage revision over a three-year-period. SIWU president E Muthukumar told TNIE that against their demand of Rs 36,000 in wage revisions, Samsung had initially agreed to only Rs 9,000 in increased wages. 'From there, workers will now get Rs 18,000 in direct salaries and another Rs 4,000 in incentives. Apart from this, the management has also enhanced benefits, including insurance coverage from Rs 2.5 to Rs 3 lakh, and has increased leave for various purposes,' he said. Samsung sources told TNIE that while the offer of revised wages up to Rs 9,000 was made in October last year, they had already revised the offer to Rs 18,000 as part of their negotiations with the management-backed workers' committee early this year. Sources said the terms agreed to on Monday, were already part of the offer made to the committee. A spokesperson for Samsung India said, 'At Samsung, employee welfare remains a top priority. We have constructively engaged with all our workers at the Chennai plant and are delighted to announce a mutual agreement to enhance wages and benefits for the next three years. This collaborative approach reflects our commitment to the well-being of our workers and fostering a stable, harmonious, and forward-looking work environment.' 'We thank the TN CM, labour and employment minister, and industries minister for their continued support, and remain committed to building a positive and productive workplace in the region,' the spokesperson added. As for the union's demand of revoking disciplinary action against 25 workers, Minister Ganesan told reporters, 'The talks were related to wage revisions which were successfully completed today. The labour department will continue its efforts to ensure the 25 suspended workers are back to work.' In a statement, Industries Minister T R B Rajaa said, 'I am thankful to the workforce and the management of Samsung for trusting the system and engaging in constructive dialogue.'
Time of India
19-05-2025
- Business
- Time of India
Samsung signs pact with Chennai plant workers on wage revision & welfare
Chennai: Samsung India on Monday signed a wage revision and welfare agreement with a section of its Chennai plant employees affiliated with the CITU union , bringing an year-long dispute to an end. According to acompany spokesman, Samsung struck a mutual agreement to increase wages for the next three years and provide additional benefits. "We have constructively engaged with all of our workers at the Chennai plant and are delighted to announce a mutual agreement to enhance wages and benefits for the next three years. This collaborative approach reflects our unwavering commitment to the well-being of our workers and fostering a stable, harmonious and forward-looking work environment," the company said in a statement. The development comes after 31 rounds of talks between the management and the union since Dec last year. The final round of conciliation headed by state labour minister CV Ganesan was held on Monday at the Secretariat. The pact covers various welfare activities by the company including food, insurance, air conditioned transportation and leave among others. A note from the state labour department said the workers will get a cumulative wage hike of Rs 18,000 over the next three years with Rs 9,000 in 2025-26 (FY26), and Rs 4,500 each in FY27 and FY28. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Undo One-time special promotion for employees who have completed six years and a special salary hike are part of the deal. Previously, CITU had demanded revoking the suspension of employees as part of the talks. While these issues were discussed in the meeting, they are not covered in the agreement. Samsung is conducting an internal investigation and might take disciplinary action, according to people aware of the development. "Happy to announce that after sustained dialogue and responsible discussions from all sides, all differences pertaining to the Samsung unit have been settled amicably," industries minister T R B Raaja said in a post on X. Samsung's consumer durables manufacturing facility faced a series of protests and unrest by employees from Sept 2024 demanding wage revision and better working conditions.
Time of India
19-05-2025
- Business
- Time of India
Samsung signs pact with Chennai plant workers on wage revisions & welfare
Chennai: Samsung India on Monday signed a wage revision and welfare agreement with a section of its Chennai plant employees affiliated with the CITU union, bringing an year-long dispute to an end. According to the company spokesperson, it struck a mutual agreement to increase wages for the next three years and provide additional benefits. 'We have constructively engaged with all our workers at the Chennai plant and are delighted to announce a mutual agreement to enhance wages and benefits for the next three years. This collaborative approach reflects our unwavering commitment to the well-being of our workers and fostering a stable, harmonious, and forward-looking work environment,' the company said in a statement. The development comes after 31 rounds of talks between the management and the union since December 2024. The final round of conciliation headed by state labour minister CV Ganesan was held on Monday at the state secretariat. The pact covers various welfare activities by the company including food, insurance, air conditioned transportation and leave among others. A note from the state labour department said workers will get a cumulative wage hike of Rs 18,000 over the next three years with Rs 9,000 in 2025-26 (FY26), and Rs 4,500 each in FY27 and FY28. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo One-time special promotion for employees who completed six years and a special salary hike are part of the deal. Previously, CITU demanded revoking the suspension of employees as part of the talks. While these issues were discussed in the meeting, they are not covered in the agreement. Samsung is conducting an internal investigation and might take disciplinary action, according to people aware of the development. 'Happy to announce that after sustained dialogue and responsible discussions from all sides, all differences pertaining to the Samsung unit have been settled amicably,' state industries minister T R B Raaja said in a X post. Samsung's consumer durables manufacturing facility faced a series of protests and unrest from September 2024 demanding wage revision and better working conditions. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
