CITU strike at Samsung unit continues for 30th day despite pay hike

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CITU strike at Samsung unit continues for 30th day despite pay hike - Business Standard

Quick Summary:

According to the MoU, the company will provide a Productivity Stabilisation Incentive of Rs 5,000 per month, starting from October 2024 through March 2025.

The company also agreed to launch the MD’s People First Promise program and introduce a channel to collect feedback from workmen to further improve working conditions.

The MoU was signed after marathon talks between the company and its employees in government intervention on Tuesday.