Ford India Offered Final Dissolution Package To Its Workers
Ford India has offered the Final Dissolution Package to its Chennai-based workers. The package includes 130 days of gross wages per completed year in the Company. Earlier, the Company had offered 115 days of gross wages per year of service, which was then revised to 124 days of wages per year of service, which was then revised to 124 days of gross wages per year of service.
In a letter to employees, Ford India states that post the deadline of 23 September, if the Company is forced to retrench the employees, then the laid-off workers will only be entitled for a severance package of 15 days of gross wages per year of service.
The Company blames the unions for the failed negotiation attempts. The unions demanded 215 days of gross wages per year served in the Company, which the firm termed as unreasonable. In the very beginning, the Company offered a severance package of 87 days of gross wages per year served in the company.
Post this offer, more than 2000 workers at Ford India demonstrated outside the Maraimalai Nagar factory in Chennai. The final settlement offer communicated by Ford India is higher than the industry benchmark says the firm.
